Stablecoins & CBDC

The Hidden Plumbing of Stablecoins - Risks in the GENIUS Act Era

Analyzes the operational and market structure risks embedded in stablecoin infrastructure as policy attention rises around the GENIUS Act. Emphasizes hidden dependencies in issuance, reserves, settlement, and interoperability that could affect resilience and financial stability.

Topics: stablecoins, risk, regulation, financial stability

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