WATCH: James Marple talks about how the new legislation on stablecoins could reshape the U.S. payment system on MoneyTalk

The U.S. recently passed landmark legislation to regulate so-called stablecoins, or digital tokens that are designed to maintain a fixed value against assets such as the U.S. dollar. James Marple, Associate Vice President and Senior Economist with TD Bank Group, says while the new legislation is not without risks, it could potentially reshape the U.S. payments system making remittances and trade payments faster, cheaper and more reliable.
 
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