What is happening with stablecoin and how might it impact credit unions?

Over the last few months, the conversation around cryptocurrency, specifically stablecoin, has grown from a whisper to a steady buzz. The U.S. government is actively considering legislation on the technology, and large retailers and financial institutions have already started sharing their plans for stablecoin. Unlike previous forms of cryptocurrency that have stayed on the fringes, stablecoin has the potential to become widely adopted, especially if retailers and financial institutions are able to create a version of stablecoin that feels secure and more familiar.

To understand what is happening with stablecoin and how it might impact credit unions, we interviewed Filene's Credit Union of the Future fellow, Dr. Lamont Black, to get his take on recent announcements and what we might expect next.