US regulator decides to start assessing whether stablecoins pose a threat to financial security

According to a September 12 press release, three sources familiar with the matter said that after a few weeks of ruling, the U.S. Treasury and other government agencies would decide whether the Department of Financial Security and Financial Regulation (FSOC ) would conduct an assessment. to determine its validity. stability piece. that he would. threaten financial security like Tether. The FSOC reserves the right to determine whether a business or activity poses a financial threat. Having this fact can have a big impact on the stability of the parts. (Bloomberg)