From:
Columbia Business School’s Professor Yiming Ma participated in a Brookings event examining the future of stablecoins following the passage of the GENIUS Act. Professor Ma discussed findings from her research on stablecoin runs and the increasing centralization of arbitrage, explaining how structural vulnerabilities in stablecoin design can amplify market stress during periods of volatility. She emphasized that as stablecoins become more integrated into mainstream financial markets, stronger oversight, clearer regulatory standards, and improved transparency will be essential to safeguarding financial stability.
