Page 39 - GS190102

Education

best of both worlds: they are easy, quick and relatively In plain English, stablecoin can go
cheap to transfer, like bitcoin and other virtual currency; where no USD is allowed to legally go.
and (theoretically) they are backed by fiat money – USD,
for example. So, why are U.S. regulators approving
open ledger distributions of stablecoin?
If everyone switched from using traditional payments to
payment by stablecoin overnight, the payment processing I don't know.
and ISO business market would collapse. This is so because
there would not be enough transaction revenue for ISOs ICOs flashed and crashed
to earn a living. Card issuing banks (or stablecoin lenders
as they would perhaps be called) would survive because ICOs were big in 2018, and most of them were epic failures.
people would always want to borrow money, regardless of An ICO is like an IPO, but most ICOs had no regulatory
what form it takes. oversight. An IPO is subject to Securities and Exchange
Commission registration and oversight by state and
The New York Department of Financial Services approved federal securities regulators. Most of the ICOs, despite
at least one stablecoin, which is puzzling to me. USD is having raised millions of dollars of value, had no such
controlled by banks, and banks answer to U.S. regulators. oversight and were, largely, illegal. The SEC has made this
Stablecoin, however, can get legs of its own and does clear. It looks like 2018 was a lesson for all investors to not
not need to be held at stablecoin issuers, banks or other trust promises by unregulated entities that are too good
regulated entities. In plain English, stablecoin can go to be true.
where no USD is allowed to legally go. So, why are
U.S. regulators approving open ledger distributions of In publishing The Green Sheet, neither the author nor the publisher
stablecoin? I don't know.
is engaged in rendering legal, accounting or other professional ser-
vices. If legal advice or other expert assistance is required, the services
Despite the theoretical challenge of stablecoin, I do not see
of a competent professional should be sought. For further information
any of them supplanting traditional money anytime soon.
on this article, please contact Adam Atlas, Attorney at Law, by email
at atlas@adamatlas.com or by phone at 514-842-0886.

Get
Working
ACQUISITION & GROWTH CAPITAL
Capital!
Loans Up To $5,000,000
FOR BUSINESSES WITH MONTHLY
RECURRING REVENUE (MRR)
Independent Sales Organizations (ISO’s)
Managed Service Providers (MSP’s) YOUR BUSINESS Apply Today!
SaaS, IaaS, PaaS, Cloud
Independent Software Vendors (ISV’s) Super G Capital 1,000,000
LOANS UP to $5,000,000
Point of Sale Vendors www.SuperGCapital.com
Insurance Agents and Brokers Borrow against your MRR!
FAST & EASY FUNDING Super G Capital
Flexible Amortization
Non-Dilutive
Senior and Junior Debt Solutions
USE THE FUNDS FOR
Acquisition Hire More Sales Reps
Buyout an existing partner Increase Marketing
Geographic Expansion Purchase A Portfolio
Bridge the Gap between upfront costs Upgrade Equipment CONTACT JON ENGLEKING
800-631-2423 x 112 or
and time they receive payment and Technology
Jon@SuperGCapital.com
supergcapital.com