Treasury plots stablecoin crackdown even as Tether’s dominance wanes By Cointelegraph

Treasury plots stablecoin crackdown at the same time as Tether’s dominance wanes

America Treasury Division is reportedly getting ready a assessment highlighting challenges posed by stablecoin redemptions and the impact of a doable run on the crypto asset market.

In keeping with a Sept.1 report from Bloomberg citing nameless sources, Treasury officers are readying coverage suggestions designed to make sure stablecoin holders can freely convert between their tokens and different property.