Has the Horse Already Bolted the Stablecoin?

The recent discussions surrounding stablecoins highlight a looming systemic threat that could have significant implications for the financial landscape. Experts are raising alarms about the potential risks associated with these digital currencies, suggesting that while there are talks of mitigation, the focus seems to be more on addressing issues after they arise rather than preventing them. This matters because the stability of financial systems relies heavily on the integrity of such currencies, and failure to act proactively could lead to severe consequences.