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161916334 story The recent collapse of a popular stablecoin shows that the tokens aren't ready to be used by consumers to make payments, according to a key US watchdog. From a report:
"People wonder: Is it going to be one day used for consumer payments?" Rohit Chopra, director of the Consumer Financial Protection Bureau, said in a Bloomberg TV interview Monday. "Many are thinking it's not ready yet." There is something. There may be a movement on the topic this year. Following an executive order from President Joe Biden, regulators are studying a range of issues, including rules for stable coins.
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