The group said stablecoin issuers should be held to the same standards as insured depository institutions including state and federally chartered banks.
US Treasury report says stablecoin legislation is 'urgently needed' to address risks
The US Treasury emphasizes the urgent need for stablecoin legislation to mitigate risks, recommending that issuers adhere to the same regulatory standards as insured depository institutions like state and federally chartered banks.
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