Are payment stablecoins too risky to be used for payments?
By ABA Banking Journal Guest Contributor
AI Summary
Payment stablecoins may pose risks when used as a store of value due to potential backing issues; the article discusses whether they are too risky for payments.
Texas Relevance
The article does not explicitly mention Texas, TCUD, or any Texas-specific entities. The content is broadly relevant to credit unions but lacks specific references to Texas regulations or guidance.
Original Content
Payment stablecoins are intended to be a payment method, but when used as a store of value, their supposed one-to-one backing may not hold up under a stress scenario. The post Are payment stablecoins too risky to be used for payments? appeared first on ABA Banking Journal .