Regulations from the US government could place stablecoins in a status similar to that of traditional financial institutions, according to a new research report released by Morgan Stanley.
According to Morgan Stanley’s research report, the regulations prepared by the Treasury Department and Congress in the USA, institutions that issue a private stablecoin close to banks can place.
According to the information in the report, the American government digital central bank money (CBDC) projects Because of the competition it may create, “As the most dominant payment mechanism of the US dollar” He wants to take steps to keep it.
According to Morgan Stanley analysts, the Biden administration, the legal regulations to be brought to the crypto money market, will also affect the dominance of the American dollar. can affect is thinking.
Legally stablecoins securities mi, derivative instrument or is it commodity While it is noted that there is still uncertainty about whether they fall into the class of could affect the entire cryptocurrency market. is being considered.
Morgan Stanley analysts at this point both bitcoin (BTC) and ether (ETH) the volume of transactions 60% of stablecoin parities both come decentralized finance (DeFi) a significant portion of the processes in the ecosystem, from lending transactions with stablecoins He says he’s coming.
Banking giant Morgan Stanley announced that the ongoing regulatory process for cryptocurrencies in the USA will handle it heavily predicts.