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Home News Crypto Fiserv unveils stablecoin for banks Editorial This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Recent US action towards stablecoin regulation has seen banks up their interest in such coins.
2023 marked a pivotal year in the Asia-Pacific (APAC) region’s approach to crypto regulation, influenced significantly by the preceding implosion of Sam Bankman-Fried’s FTX exchange and the collapse of of Terra, the algorithmic stablecoin created by Korean entrepreneur Do Kwon.
Stablecoin Regulation : Plans to bring certain stablecoins into the regulatory perimeter when used as a means of payment. Consumer Protections : Firms are required to provide transparent whitepapers, implement robust governance, and adhere to strong consumer protection standards.
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