The US may crack down on 'stable' cryptocurrencies

@ 2021/09/13
Stablecoins are ostensibly safer than regular cryptocurrency thanks to their ties to less volatile assets, but US regulators apparently aren't convinced. Bloombergsources hear the Treasury Department and other federal agencies are close to a possible crackdown on stablecoins through a review from the Financial Stability Oversight Council. Officials are reportedly concerned the digital money is largely unregulated and could ultimately destabilize the financial system, not protect it.

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