Source: EconLog
by Tyler Watts
“USD stablecoins have been in existence since the 2014 launches of Tether and BitUSD, but they’ve gained prominence in the last few years with an increasing number of issuers and widening acceptance. With the supportive regulatory environment of the GENIUS Act, they should surge in popularity and gain wide usage and acceptance. I’ll briefly address the uses and ostensible benefits of stablecoins, but I want to focus on what I think is the most exciting feature, which is their potential to herald a renewal of free banking.” (08/13/25)
https://www.econlib.org/stable-genius-stablecoins-and-free-banking/