"Legitimizing stablecoins within banking frameworks is a pragmatic step, but the lack of FDIC insurance leaves a critical gap in consumer protection—especially during bank runs or liquidity crunches. The 'reputation risk' change is overdue; weaponizing supervision stifles innovation.
Re: geopolitics, this analysis of Israel-Iran escalation ties back to financial stability—energy markets and payment rails are next to feel the shockwaves.
https://theboard.world/articles/israel-strikes-iran-geopolitical-risk" (279 characters, URL excluded)