Can GENIUS Act stablecoin issuers create money in ways not anticipated?
The article examines whether stablecoin issuers under the GENIUS Act could create money in ways not anticipated. It notes that banks create money every time they make a loan or buy an asset, raising the question of whether similar money creation dynamics could apply to stablecoin issuers.
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The GENIUS Act regulates stablecoin issuers, and Ledger Capital is a company potentially subject to its rules on money creation by such issuers.
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