Practice and Trends of Legal Regulation of Stablecoins on the Example of USA and EU Legislation
( Pp. 66-73)

The development of the economy and society contributes to the comprehensive introduction of digital technologies and the active development of new objects of law. However, the high level of volatility of digital (virtual) financial assets has led to the need to link cryptocurrencies to a physical asset, resulting in a new type of digital secured asset called a stablecoin. The purpose of the study is to study the features of legal regulation of stablecoins on the example of USA and EU legislation, including analyzing various types, as well as the role they play in the tokenization system. There was not much research in the field of law about stablecoins until recently, but everything has changed due to an increase in the number of transactions using stablecoins. However, the issue of legal regulation of stablecoins remains relevant in different jurisdictions, despite some attempts to regulate digital (virtual) assets. As a result of the study, it became obvious that new technologies are rapidly developing, there is a need to adapt them to the legal system because stablecoins will somehow influence the monetary policy of states and in order for various sectors of the economy to carry out their activities, subjects need detailed legal regulation of this part of property turnover.

Stanislav V.O., Olga I.Z., (2022), PRACTICE AND TRENDS OF LEGAL REGULATION OF STABLECOINS ON THE EXAMPLE OF USA AND EU LEGISLATION. Economic Problems and Legal Practice, 6 => 66-73.

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token, cryptocurrency, stablecoin, virtual asset, distributed ledger technology, asset’s tokenization, blockchain.