U.S. Comptroller of the Currency Michael J. Hsu: Fraud Loss ‘Pales in Comparison’ to $2 Trillion Crypto Market Wealth. Hsu also acknowledged that cryptocurrency losses via cybercrime activity are troubling, however, the market outweighed the total losses by a significant margin. Security experts say there tends to be a higher risk with stablecoin security than the technology itself. The benefits and disadvantages of stablecoins have been widely debated at the federal level, as 1 in 5 Americans trade cryptocurrency.”]
Source: https://www.cuinfosecurity.com/us-bank-regulator-weighs-stablecoin-risks-benefits-a-18888