On April 8, 2022, Acting Comptroller of the Currency Michael J. Hsu spoke before the Institute of International Economic Law at Georgetown University Law Center, where he shared his thoughts on the architecture of stablecoins.

In his remarks, Hsu discussed why stablecoins matter and the issue of the architecture of a USD stablecoin system. According to Hsu, the three architectural policy considerations of the stablecoin system include stability, interoperability, and separability. Hsu concluded his speech with the statement “While there remains a wide range of perspectives on crypto’s future, there appears to be an emerging consensus that rules-of-the-road and safeguards are needed today to protect people and balance the risks and benefits of blockchain technology as it continues to evolve.”

Hsu’s full speech can be found here.

Adam Witmer

Adam Witmer is a speaker, author, and founder of the Compliance Cohort. Adam has taught hundreds of seminars and training sessions to thousands of bankers throughout the United States and teaches on all areas of regulatory compliance. Adam has written five e-books that he never published, hit a grizzly bear while driving in a National Park, and is an award winning photographer and musician (though he no longer takes photos nor plays any instruments). In his spare time, Adam can be found kayaking on the lake, doing taekwondo with his kids, working on his (project) house, or spending time with his family.

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