"Nobel Prize Winner: Stablecoins May Be Misleading, Risks Far Outweigh Benefits" (Source: The Economist; Translated by Foresight News) A Nobel Prize winner wrote that although stablecoins have gained legal status through the GENIUS Act, they hide significant systemic risks. The article criticizes the lack of transparency in stablecoin reserves, their susceptibility to bank runs, and platforms exploiting regulatory loopholes to offer returns without bank-level oversight, forming a shadow banking system.