Recent turmoil in the traditional banking sector, culminating in USD Coin (USDC) losing its peg, could negatively affect stablecoin adoption and potentially increase calls for regulation, argues credit rating agency Moody’s Investors Service. 

In its latest Sector Comment report published on March 16, Moody’s said fiat-backed stablecoins could face new resistance following USDC’s de-pegging on March 10.