On August 26, according to the Financial Times, as friction with the cryptocurrency industry intensifies, Wall Street calls for a reconsideration of stablecoins.
A stablecoin is a type of cryptocurrency that is pegged to fiat currencies, commodities, or financial assets, aimed at maintaining price stability through an asset anchoring mechanism. Its core value lies in combining the advantages of blockchain technology with the stability of traditional finance, widely used in areas such as cross-border payments and digital asset trading.
