Stablecoins Need to Set a Common Standard, Says US Banking Watchdog

“To ensure that stablecoins are open and inclusive, I believe a standard-setting initiative similar to that undertaken by [the Internet Engineering Task Force] and [World Wide Web Consortium] needs to be established, with representatives, not just from crypto/Web 3 firms but also including academics and government,” Hsu said Wednesday at the “Artificial Intelligence and the Economy: Charting a Path for Responsible and Inclusive AI” symposium in Washington, D.C.

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