Ex-Fed Policy Analyst's Paper: Stablecoins Present Lower Risk Than Traditional Bank Deposits

Dollar-pegged stablecoins may actually be less risky to hold than traditional bank deposits, according to Brendan Malone - a former Federal Reserve Board analyst. Now writing on behalf of technology research and investment firm, Paradigm, Malone argued on Wednesday that stablecoins are inherently less prone to a bank run than actual banks, due to the strict nature of issuers managing their reserves....