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Ex-Binance CEO Highlights the Need for Regulated Stablecoins!

August 12, 2023
in Crypto Exchanges
Reading Time: 2 mins read
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Writer: Mustafa Mulla Aug 12, 2023 20:23

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech business since 2017.

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Brian Brooks, a former CEO of Binance U.S. and U.S. Comptroller, has highlighted the significance of a regulated stablecoin for the US. Chatting with CNBC, Brooks emphasised {that a} regulated stablecoin is not only about cryptocurrency however somewhat the position the US performs within the international monetary system. With a number of governments worldwide seeking to decouple from the greenback, Brooks harassed {that a} regulated stablecoin may assist the U.S. preserve its dominance within the monetary business. This could enable the U.S. to probably leverage stablecoins as a instrument for worldwide commerce and commerce, additional boosting the nation’s financial system.

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Tags: CEOExBinanceHighlightsRegulatedStablecoins
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