The Business Times
business-time-50

Who’s afraid of stablecoins?

Ignore the hype – retailers and wholesalers cannot rely on this digital currency

Summarise
google-preferred-sourceAdd BT as a preferred source
阅读简体中文版 (beta)
    • Stablecoins operating on newer blockchains – such as Tether – are optimised for speed and throughput, but the transaction-processing capacity of blockchain-based technologies will always be subject to constraints.
    • Stablecoins operating on newer blockchains – such as Tether – are optimised for speed and throughput, but the transaction-processing capacity of blockchain-based technologies will always be subject to constraints. PHOTO: REUTERS

    Daniel Gros

    Published Fri, Dec 12, 2025 · 12:00 PM

    [LUXEMBOURG] US President Donald Trump’s embrace of so-called stablecoins as a means of projecting America’s financial power and preserving the US dollar’s global dominance has spurred calls for a “strategic response” by the European Union.

    If Europe does not stake out its position in this techno-financial revolution, the argument goes, its monetary sovereignty and financial stability will deteriorate. But the warnings are as unwarranted as they are ominous.

    The main catalyst of Europe’s stablecoin anxiety is the Trump administration’s Guiding and Establishing National Innovation for US Stablecoins (Genius) Act, which aims to promote US dollar-backed stablecoins by implementing a comprehensive regulatory framework for them.

    StablecoinsCryptocurrenciesBlockchaindigital currency

    TRENDING NOW

    Tribunal Magistrate Jared Kang described dismissal law as “a little more layered, difficult and unclear than it perhaps needed to be”.

    Firm loses wrongful dismissal case despite following termination clause

    The Vietnamese economy has long relied heavily on bank lending, straining commercial banks as they shoulder the bulk of the financing needed by companies and large infrastructure projects.

    Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks

    Soilbuild and its executive chairman Lim Chap Huat are reportedly seeking unspecified damages over Brookfield’s alleged breach of their agreement.

    Soilbuild’s Lim Chap Huat sues Brookfield, claims it reneged on joint venture: WSJ

    UOB’s asset quality was a recurring theme across all broker notes.

    Citi, OCBC downgrade UOB post-Q2 results; RHB upgrades on valuation

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More