STABLECOIN REGULATION - AN OVERVIEW

The decentralized nature of stablecoins makes sure that transactions aren’t managed by any central authority, furnishing an additional layer of privacy. even so, two times in a while November 23, 2021, the OCC issued Yet another interpretive letter that, even though portrayed as featuring “clarification” concerning its former a few letters,

according to the structural features of stablecoins, regulatory approaches akin to MMFs and e-dollars could implement. If a stablecoin is denominated in the financial device of account and is particularly redeemable into funds upon demand, it should be entirely backed by perfectly Harmless and liquid property. When the issuer Obviously pledges rede