US lawmakers and Fed officials have expressed concern over the risk to US financial system posed by stablecoins, as their total market cap crosses $100B (Joe Light/Bloomberg)

Joe Light / Bloomberg:
US lawmakers and Fed officials have expressed concern over the risk to US financial system posed by stablecoins, as their total market cap crosses $100B  —  – So-called stablecoins cited as a risk to financial system  — Consumers’ money isn’t adequately protected, lawmakers say