Coinbase CLO: Risk management, not issuer, is key for stablecoins

Coinbase Chief Legal Officer Paul Grewal argued on X that the crucial factor for stablecoins is not who issues them but how the associated risks are managed. Comparing stablecoins to private healthcare and transportation systems, he stated that privately issued money is not inherently more dangerous than other private services. According to Grewal, what matters is the effectiveness of risk management and regulatory oversight, adding that the U.S. CLARITY Act provides the necessary framework for this.