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sherry
@tep
Kyle Hauptman, Vice President of the National Credit Union Administration (NCUA), recently expressed support for cryptocurrencies and stablecoins in a speech. He emphasized that although new technologies may have negative impacts, innovation is crucial for the development of credit unions. Hauptman pointed out that all new technologies come with risks, just like the invention of cars brought about car accidents, but drove transportation changes. He also stated that although cryptocurrencies are considered to be associated with criminal activities in some circles, the illegal use of cash is equally widespread. He particularly praised stablecoins, believing that they can improve the outdated payment system in the United States, especially in the international payment field. Hauptman's main goal is to ensure that credit unions can maintain competitiveness and constantly evolve, avoiding being eliminated like Blockbuster. @ryanshea.eth
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