PANews, July 20 - According to a report by the UK (Financial Times), U.S. President Trump signed a stablecoin regulatory bill on the 18th, marking the first federal legislation on stablecoins in the United States. However, concerns have arisen regarding the risks hidden in the development of stablecoins and how they will reshape the financial ecosystem. The cross-border flow of funds with stablecoins is anonymous, making it difficult for regulatory agencies to effectively track the flow of funds and accurately assess the scale of funds, providing opportunities for illegal financial activities such as money laundering, greatly increasing regulatory challenges. In countries and regions with weak financial systems, the widespread use of stablecoins will inevitably exert a strong impact on the local financial system. Once a crisis occurs with stablecoins, it can easily trigger a chain reaction of market trust crises, leading to the risk of bank runs.
