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Ripple takes a rather interesting stand on stablecoins – The future of finance report

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Stablecoins are globally fungible and can be transferred between market participants, allowing value to be delivered anywhere in the world quickly and at low cost.

Ripple is calling for financial watchdogs under different jurisdictions to allow a variety of stablecoins, including those issued overseas, to circulate freely.

The company behind digital currencies XRP and RLUSD is urging financial regulators not to sacrifice the “global fungibility” of stable coins over most consumer protection laws.