By CentBit.Online – Crypto & Blockchain Expert, Bangladesh
In a significant policy shift, U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins voiced strong support for crypto stablecoins, saying they have the potential to “lower costs and lower risks in the market.”
Atkins made the comments during a press briefing on Capitol Hill, addressing the SEC’s evolving approach to digital assets and regulatory modernization.
Stablecoins: A Tool for Market Efficiency
According to Atkins:
“Stablecoins, when properly regulated, offer instant settlement, transparency, and cost efficiency. They reduce systemic risk by removing legacy intermediaries.”
His remarks reflect a growing sentiment within U.S. regulatory circles that stablecoins—particularly dollar-backed variants—could play a pivotal role in upgrading the nation’s financial infrastructure.
Backing the Future of Finance
The SEC chair highlighted several benefits of stablecoins:
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Lower remittance and transaction costs
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Enhanced financial inclusion
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Reduced counterparty and settlement risks
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24/7 cross-border capability
Atkins also emphasized the need for a clear legal framework to support innovation while maintaining investor protection and market integrity.
Global Relevance & Bangladesh Perspective
As stablecoins gain momentum worldwide, Bangladeshi fintech firms and remittance channels could see substantial benefits by integrating regulated digital dollar equivalents. The ability to settle payments in real-time with fewer intermediaries may revolutionize trade, remittances, and e-commerce in emerging markets.
Industry Response
Jeremy Allaire, CEO of stablecoin issuer Circle, responded via X:
“Chair Atkins’ leadership is a major turning point. Regulatory clarity will unleash innovation in the U.S. and globally.”
Meanwhile, markets responded positively. USDC and other major stablecoins remained well-pegged, and overall sentiment in the crypto market improved.
CentBit Insight:
Chairman Atkins’ endorsement of stablecoins marks a pro-innovation shift in U.S. policy. As stablecoins mature, countries like Bangladesh should position themselves to adopt, regulate, and benefit from this next phase of global financial evolution.
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