Definition ∞ A payment stablecoin is a type of stablecoin specifically designed and regulated for use in payment systems. These digital assets maintain a stable value relative to a fiat currency or other stable asset, aiming to facilitate efficient and low-cost transactions. They combine the stability of traditional money with the efficiency of blockchain technology.
Context ∞ The regulatory landscape for payment stablecoins is a primary focus for governments and central banks globally. News frequently reports on legislative efforts to classify and regulate these instruments, particularly concerning reserve requirements and consumer protection. The development of clear frameworks is seen as essential for their widespread adoption in retail and wholesale payment networks.
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