Odaily News SEC has released new regulations, clearly defining "compliance stablecoins" as stablecoins fully backed by fiat reserves or short-term low-risk assets, redeemable 1:1 for USD, and exempting them from transaction reporting obligations. This definition does not apply to algorithmic stablecoins. Issuers of compliance stablecoins are prohibited from mixing reserve assets, providing yields, or using them for investments. (Cointelegraph)
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The US SEC has released new guidelines, classifying certain stablecoins as non-securities.
Odaily News SEC has released new regulations, clearly defining "compliance stablecoins" as stablecoins fully backed by fiat reserves or short-term low-risk assets, redeemable 1:1 for USD, and exempting them from transaction reporting obligations. This definition does not apply to algorithmic stablecoins. Issuers of compliance stablecoins are prohibited from mixing reserve assets, providing yields, or using them for investments. (Cointelegraph)