In the Wildcat Era of Stablecoins, Commercial Banks Have New Rails to Ride

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Today's stablecoin market mirrors the “wildcat banking” era of the mid-1800s, when banks printed their own dollars. Like then, federal intervention is likely.

via CoinDesk https://www.coindesk.com/in-the-wildcat-era-of-stablecoins-commercial-banks-have-new-rails-to-ride