Ethereum News

The US Treasury’s Stablecoin Report Would Treat Issuers Like Banks, but Doesn’t Address How

“There are other, safer ways of achieving the same objectives. For example, we could require 100% of stablecoin reserves to be maintained off-balance sheet, or require stablecoin reserves to be maintained at a Federal Reserve Bank, which is, by definition, risk-free. We already have a case study in this – Wyoming’s special purpose depository institutions are already doing this,” she said.

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