
Don’t Let Crypto Hype Deter Tough Stablecoins Regs
Despite all the hype, cryptocurrencies are a small part of the financial system. At the peak value in October 2021 the market cap of crypto was about $2.7 trillion. The total value of physical money (M0) was about $40 trillion that year and the broader money supply (M3) was about $90 trillion. And crypto is largely confined…