Paradigm released a report on stablecoins, urging Congress to legislate to reduce risks and promote the development of stablecoins

Odaily Planet Daily News Paradigm released a stablecoin report, the report pointed out that stablecoin will be an opportunity to effectively expand the payment system, but the recent policy view will include it in the banking and securities framework for supervision, which will be a retrogression. Congress should address user risks of USD-pegged stablecoins, promote growth and competitiveness, and encourage responsible stable capital innovation