Stablecoins Are Becoming a Fight Over the Future of Digital Money: Interview With BitGo COO Jody Mettler
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Regulatory debate over stablecoins is shifting from crypto-specific issues to the future architecture of the global payments system, with Bank of England Governor Andrew Bailey recently warning regulators may be heading for a 'wrestle' with the US over stablecoin rules. The growing divergence between European, American and other regional approaches increases regulatory uncertainty and risks for stablecoin adoption and integration into payments rails, impacting DeFi, DEX and CEX activity.
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As stablecoins move closer and closer to mainstream financial infrastructure, the regulatory debate around them is seemingly becoming less about crypto in isolation and more about the future outlook of the global payments system.
Just recently, for instance, Bank of England Governor Andrew Bailey warned that global regulators may be heading for a “wrestle” with the US over stablecoin rules. Essentially, this underscored a growing divide between European, American, and other regional approaches.
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ESMA MiCA Stablecoin Guidelines Put Non-Euro Tokens Under A Tighter European Lens
