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).

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Steven Stradbrooke

Category: Crypto

Markets: CanadaDenmarkJapan

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 14:00:00 (18 hours 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

View Article Analysis

About CoinGeek

Main Topics: Crypto

Official Website: coingeek.com

Update Frequency: 3 posts per day

Year Established: 2012

Headquarters: Canada

News Last Updated: 20 hours ago

Coverage Areas: Canada

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #82

Publisher Details

Frequently Asked Questions