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Industry group tells New Hampshire commission global stablecoin use and regulation are expanding rapidly
Summary
A Global Blockchain Business Council researcher told New Hampshire's Stable Token Study Commission that stablecoins and tokenization are growing worldwide, driven by payments, remittances and institutional use, but said regulatory uncertainty and reserve transparency remain key risks.
Diana Barrio Zales, research lead at the Global Blockchain Business Council, told the Stable Token Study Commission on Oct. 16 that stablecoins and tokenized real-world assets are growing rapidly worldwide but still face regulatory and operational risks.
“ We focus a lot on harmonization of requirements,” Barrio Zales said. She described stablecoins as “generally, converging toward fiat backed or or somewhat asset backed,” and listed payment facilitation, remittances and decentralized finance as leading use cases.
Barrio Zales told commissioners the market has expanded quickly: “the total supply and market cap has grown at 50% or above year over year in…
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