According to the new SEC instructions, Stablecoins is considered to meet certain criteria “non -supernatural” and exempt the requirements to report transactions, as the Securities and Exchange Committee in the United States said in A. Notice Posted 4 April.
Cable stablecoins, as SEC classifies, is fully supported by physical physical reserves or short -term, low -risk and very liquid tools and can be 1: 1 with US dollars.
The algorithm stablecoins that maintain the PEG is the US dollar using software or automatic trading strategy, leaving the organizational status of algorithms, the artificial dollar, and reserved symbols.
Overview of the current Stablecoin Market. source: rwa.xyz
Industry leaders and executives are pushing for organizational changes that would allow Stablecoin Exporters to exchange opportunities for return with Stablecoin holders and provide ONSAIN.
According to the new guidelines, Stablecoin cannot participate in forming asset reserves with operating capital or providing opportunities for distinguished code, profits, or return opportunities. In addition, the stablecoin exporters covered with their reserves for investment or market speculation should not be used.
Related to: Stablecoin Supples increases
SEC definition of “covered stablecoin” in line with the broader US policy goals
SEC’s SEC standards are compatible with the regulations stipulated in the Stablecoin Genus Bill, submitted by Senator Bill Hajri, and the stable law for 2025, presented by French actor Hill.
The proposed legislation aims to protect the situation of the US dollar as the global reserve currency through the supported by US dollar and government securities.
Directing and creating the national innovation of American stablecoins (genius) for the year 2025. Source: American Senate
Central exporters in Stablecoin support distinctive symbols with US dollar deposits kept in organized financial institutions and short -term US Treasury invoices, pushing the demand for US dollars and US government debts.
Tether, the world’s largest sources in the world, is the seventh largest holder of the United States Treasury, overcoming countries such as Canada, Germany and South Korea.
Speaking at the top of the first digital assets at the White House on March 7, US Treasury Secretary Scott Beesen said that the United States will use Stablecoins to extend the dominance of the US dollar.
BESSENT said that Stablecoins was essential in the administration’s digital assets strategy and higher organizational priority during the current legislative session.
magazine: Bitcoin payments are undermined by central stablecoins
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