David Malpass, the former president of the World Bank, has highlighted the importance of U.S. leadership in the development of stablecoin technology. He argues that the U.S. must take an active role in this area to remain competitive globally, particularly against advancements from Europe and China. Malpass’s comments come amid growing interest in stablecoins, which are digital currencies designed to maintain a stable value. He believes that the U.S. has the potential to set standards and foster innovation in this emerging financial sector. The competition from other regions underscores the urgency for the U.S. to establish itself as a leader in stablecoin innovation.
