Former OCC Acting Administrator: Stablecoin regulation is conducive to the adoption of the US dollar globally

Odaily Planet Daily News Former OCC acting director and Binance US CEO Brian Brooks said that clear stablecoin regulation is conducive to the global adoption of the US dollar, although some US lawmakers believe it may be harmful to the financial system and economy. “If the U.S. government can create a framework that allows the U.S. dollar to back stablecoins in a regulated manner, then this demand will flourish, which will benefit global dollar adoption. But as long as we allow the government to suppress stablecoins, there will be the opposite situation," Brian Brooks added that at a time when governments around the world are looking to de-peg from the dollar, the demand for (stablecoins) is a way to make the dollar work again. "This is really a very important policy issue. It's not about cryptocurrencies, it's about the role of the United States in the financial system." (The Block)