KEY POINTS
- US Treasury Secretary Janet Yellen previously said there was a lack of oversight in stablecoins
- OKX delisted USDT pairs in Europe earlier this year, citing the need to comply with regulations
- Europe's MiCA took stablecoin regulation to a whole new level: Deenar co-founder Maruf Yusupov
- If a few crypto companies can comply, all firms can "adjust" their business toward compliance, Yusupov said
Stablecoins saw rapid growth since they first emerged 10 years ago, and they are expected to continue expanding in the coming years under the new digital economy. With the rise of stablecoins and the broader cryptocurrency and blockchain industry comes increased regulatory oversight, and in some jurisdictions, a lack of regulatory clarity.
