{"id":77082,"date":"2023-04-12T14:29:58","date_gmt":"2023-04-12T11:29:58","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77082"},"modified":"2025-09-10T21:15:29","modified_gmt":"2025-09-10T18:15:29","slug":"stellar-ceo-urges-regulation-of-stablecoins-to-bolster-the-dollar","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/stellar-ceo-urges-regulation-of-stablecoins-to-bolster-the-dollar\/","title":{"rendered":"Stellar CEO urges regulation of stablecoins to bolster the dollar"},"content":{"rendered":"<p>The U.S. dollar could come under significant pressure if this year regulators fail to begin regulating stablecoins, Stellar CEO Denelle Dixon said in an interview with <a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2023-04-11\/expect-stablecoin-regulation-by-end-of-year-stellar-ceo-video?sref=323RPL5z\">Bloomberg<\/a>.<\/p>\n<p>In her view, U.S. authorities may find themselves in a &#8216;split world&#8217; where more crypto-friendly regulation exists only outside the United States.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;There will be other companies outside the United States, and there will still be a problem when American consumers want to use their technologies,&#8221; she explained.<\/p>\n<\/blockquote>\n<p>Dixon is optimistic on this issue only because she has &#8216;no other choice&#8217;. CEO Stellar believes that focus should be on developing the value of stablecoins for users, rather than technology in general.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">&#8220;Stop talking about the technology and start demonstrating the utility.&#8221; \u2014 <a href=\"https:\/\/twitter.com\/DenelleDixon?ref_src=twsrc%5Etfw\">@DenelleDixon<\/a> on <a href=\"https:\/\/twitter.com\/BloombergLive?ref_src=twsrc%5Etfw\">@BloombergLive<\/a> ?<\/p>\n<p>\u2014 Stellar (@StellarOrg) <a href=\"https:\/\/twitter.com\/StellarOrg\/status\/1645839736995729409?ref_src=twsrc%5Etfw\">April 11, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Stop talking about the technology and start demonstrating the utility,&#8221; Dixon added.<\/p>\n<\/blockquote>\n<p>Stablecoins currently account for about 10.5% of total crypto market capitalization. The entrepreneur hinted that it is crucial that &#8220;stablecoins&#8221; be regulated and adopted in America, since the overwhelming majority are pegged to the U.S. dollar.<\/p>\n<p>In October 2022, Representative Jim Himes <a href=\"https:\/\/forklog.com\/en\/news\/us-congressman-questions-speed-of-stablecoin-legislation\">doubted<\/a> that a bill regulating stablecoins would be passed soon due to the upcoming elections in the United States Congress.<\/p>\n<p>In the same month, <span data-descr=\"Federal Deposit Insurance Corporation (FDIC)\" class=\"old_tooltip\">FDIC<\/span> Chairman Martin Gruenberg <a href=\"https:\/\/forklog.com\/en\/news\/fdic-chief-expresses-cautious-optimism-about-the-use-of-stablecoins-in-payments\">stated<\/a> that the use of &#8216;stablecoins&#8217; as a payment instrument deserves consideration.<\/p>\n<p>According to Moody\u2019s analytics, the recent <a href=\"https:\/\/forklog.com\/en\/news\/usdc-loses-peg-to-the-dollar-amid-svb-collapse\">depegging of USDC<\/a> from the U.S. dollar <a href=\"https:\/\/forklog.com\/en\/news\/moodys-usdc-depeg-could-erode-trust-in-stablecoins\">could impede the development of<\/a> stablecoins and lead to tighter regulation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. dollar could come under significant pressure if this year regulators fail to begin regulating stablecoins, Stellar CEO Denelle Dixon said in an interview with Bloomberg.<\/p>\n","protected":false},"author":1,"featured_media":77083,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[36,807,243,26],"class_list":["post-77082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-regulation","tag-stablecoins","tag-stellar","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/77082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=77082"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/77082\/revisions"}],"predecessor-version":[{"id":77084,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/77082\/revisions\/77084"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/77083"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=77082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=77082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=77082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}