Stablecoins aren’t money, need strict regulation: US Treasury

Quick Summary:

Treasury highlights the growing stablecoin market while pointing out the risks tied to these assets, including facilitating crime, which may lead to financial instability in the long run.

The post Stablecoins aren’t money, need strict regulation: US Treasury appeared first on CoinGeek.

The spurious claim that stablecoins buying T-bills was a significant tailwind in the Treasury’s sails has also been cited by the backers of Trump’s sketchy decentralized finance (DeFi) project World Liberty Financial (WLF).

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Article Details

Author / Journalist: Steven Stradbrooke

Category: Crypto

Markets: CanadaChinaUganda

Topics: World Liberty Financial Central Bank Digital Currency USDT United States Crypto Crime Cartel Finance Department of the Treasury Donald Trump Stablecoins T-Bills Tether

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 14:00:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 1513 words

Reading Time: 9 minutes read

Sentences: 47 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 23397561

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