Congress' draft bill is a 'clear signal' that U.S. dollar stablecoins are 'here to stay' - Nevin Freeman, co-founder of Reserve Cryptocurrencies
“I see stablecoins as really the natural evolution of crypto technology into ordinary commerce and finance,” Freeman said.
He said that when he talks to people in the United States about cryptocurrency and stablecoins, nobody is interested in using them as a regular form of payment, but in economies that have undergone hyperinflation or have other limitations such as capital controls, stablecoins represent a way to access U.S. dollars.
“I do think that the opportunity for even just U.S. dollar stablecoins in developed economies like the U.S. is really very big, it's just going to take quite a while to get there.” “There's really a lot of thinking about the implications before we just rush to tokenize everything.” He said he doesn’t envy the job of policymakers who are tasked with developing legislation that addresses complex problems while satisfying different interests and a divided government.
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