US Treasury report says stablecoin legislation is ‘urgently needed’ to address risks
The group said stablecoin issuers should be held to the same standards as insured depository institutions including state and federally chartered banks.
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The group said stablecoin issuers should be held to the same standards as insured depository institutions including state and federally chartered banks.
U.S. financial regulators are close to working out the limits of their authority over at least one class of digital assets.
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Platforms are offering investors several opportunities to earn from stablecoins, some of which extend far beyond cryptocurrency lending.
During the last month, four out of five of the top stablecoins by market capitalization saw their valuations swell in size. At the time of writing, there’s $135.4 billion in…
The total value locked in DeFi protocols soared to $233.8 billion as rising token prices and the increasing integration of stablecoins helped send the metric to a record high.
The stablecoin market is valued at over $130 billion and growing rapidly, putting federal regulators on high alert over systemic risk.