A recent report by blockchain research firm Chainalysis suggests that the United States government’s regulatory oversight over the stablecoin market may be slipping away. In their latest North America cryptocurrency report released on October 23, Chainalysis highlights a growing trend of stablecoin activity taking place outside the purview of U.S. regulatory authorities. According to Chainalysis’ findings, there has been a significant shift in stablecoin inflows away from U.S.-licensed entities towards non-U.S.-licensed ones since the spring of 2023. Specifically, as of June 2023, approximately 55% of stablecoin inflows into the top 50 cryptocurrency services were directed to non-U.S.-licensed exchanges. This shift … Continue reading U.S. Regulatory Oversight in Jeopardy as Stablecoin Activity Shifts Overseas, Chainalysis Report Reveals