Are stablecoins like Tether ready for regulatory scrutiny?
The Terra UST disaster is spurring regulators to converge on global stablecoin standards, writes Michael Shing of XREX. But major issuers still fall short.
Articles by
Michael Shing
Michael Shing is the Taipei-based director of risk management for XREX Inc., where he is focused on emerging cryptocurrency regulation and risk assessments of crypto firms. Previously, Michael spent over 10 years at the U.S. Federal Reserve branches in New York and San Francisco, where he was involved in ensuring the safety of the largest banking institutions by assessing risk management practices. He has also worked for UBS and Merrill Lynch.
September 2022
August 2022
What in crypto hell just happened to all your money?
Crypto investors were blindsided when firms like Voyager suddenly froze their accounts. How can we improve digital asset protection in the future?
July 2022
The Lummis-Gillibrand bill could reshape global crypto regulations
As a world leader, the US now offers a regulatory template for crypto that others are sure to follow, writes Michael Shing of XREX. Here are the key provisions.
March 2022
Should Tether’s shrinking cash reserves be cause for investor worry?
USDT, the world’s largest stablecoin, is now backed by much smaller cash reserves than before. XREX analyzes the risks.