Markets

Will Stablecoins Be Tethered to the Fed? Lawmakers Have Circled That Option1 min read

Jul 27, 2022 < 1 min

Will Stablecoins Be Tethered to the Fed? Lawmakers Have Circled That Option1 min read

Reading Time: < 1 minute

Companies issuing stablecoins would have to deal with the Federal Reserve as the chief oversight agency in the current version of a bill being developed in the U.S. House of Representatives, say people familiar with the talks. This change would be novel for the Fed and for the nonbank crypto businesses that have never had a federal supervisor.

Your email address will not be published. Required fields are marked *