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Can Banks Issue Stablecoins?

There is no law that bans U.S. banks from issuing paper or digital private banknotes, American Institute for Economic Research senior fellow Thomas Hogan writes.

Thomas Hogan argues that because the issuance of redeemable notes by private banks, in paper or electronic form exists in the U.S., firms should be able to issue stablecoins to their users. (K8/Unsplash)
Thomas Hogan argues that because the issuance of redeemable notes by private banks, in paper or electronic form exists in the U.S., firms should be able to issue stablecoins to their users. (K8/Unsplash)