The US Treasury Department’s advisory committee has released a new report on tokenization and stablecoins. The report stated that tokenization offers significant potential benefits for US debt and other assets. However, it also highlighted the risks of stablecoins. It emphasized that the collapse of stablecoins such as Tether (USDT) could have a major impact on financial markets. The committee suggested that stablecoins should be replaced by central bank digital currencies (CBDC). 💡💬

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