US banking attorney Randy Guynn has advocated for stablecoins to be subject to bank-level regulations. He argued that stablecoins should uphold the same level of safety as insured bank deposits and central bank money, with issuers required to maintain liquidity reserves and capital buffers comparable to those of banks. Guynn highlighted that without robust oversight, stablecoins could pose financial stability risks similar to past banking crises. His testimony adds to the ongoing debate over how stablecoins should be regulated, whether as banks, money market funds, or an entirely new financial category.



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