Stablecoins as Shadow Banks: Regulators Sound Alarm
New reports compare dollar-pegged tokens to unregulated money funds. The Rise of Stablecoins Stablecoins have become the backbone of the digital asset ecosystem. By offering dollar-pegged liquidity on a blockchain, they provide the bridge between traditional finance and crypto. In 2025, stablecoins settle trillions in value annually, rivaling some mid-sized banks in transaction scale. Yet […]