Regulators and Crypto: a Rocky Road Ahead For Stablecoins? | Elliptic

------------------------------------------------------------- Introducing the players - Fei Protocol: $FEI is one of the few truly decentralized stablecoins because it is mostly backed by $ETH. Fei Protocol’s Protocol Controlled Value (PCV) holds ~$653mn, providing a 206% collateralization ratio for all circulating $FEI.

Ezra: I use Venmo, but you are saying that because of this architecture you don't need Venmo or Wells Fargo.

As crypto becomes mainstream, regulation is coming. A united industry that has thought deeply about coordination and scaling issues, and has developed sophisticated institutions that can engage with existing structures will be invaluable. Institutions could support growth, innovation and help to bring crypto mainstream in a way that retains the ben... See more