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Cadwalader partners Alix Prentice and Mercedes Tunstall recently authored an article covering recent developments in fiat-backed stablecoin regulation in the UK and U.S.
The UK Financial Conduct Authority’s consultation paper 25/14 focuses on qualifying stablecoins backed by liquid assets held on trust. These regulatory changes seek to promote safer and more transparent use of stablecoins, especially in business-to-business transactions, though consumer adoption for retail payments remains uncertain.
Read the full article here.
