OCC Chief: Banking Rules Can Make Stablecoins More Stable

At the Anglo-American Business Transatlantic Financial Forum's roundtable on enforcement on the future of crypto-assets and regulations, acting auditor Michael Hsu said, "Bank policy will give confidence in the stability of the piece."

Calling for oxygen to the crypto ecosystem for Hsu due to his role as a bridge to fiat, Hsu referred to the situation where holders of USDT, USDC and other securities do not believe they can repay everything. the money they ask for is returned to them.

Hsu said he saw this in 2008 when investors started investing in banks, capital markets, stockbrokers and joint ventures that would affect the US economy.

Federal Reserve Chairman Jerome Powell has publicly stated that the hard-hitting coin should be managed like a financial currency, which unlike Tether and USDC is a fund, a combination that can mix money, water security and debt.

Hsu said the risk of cryptocurrencies slowing down or reversing the coin's entry is stable, injecting fear, uncertainty and distrust into the minds of crypto users.

According to CoinGecko, the market capitalization of our top stablecoins has increased by 356%, from $30 billion a year ago to over $137 billion today.