The U.S Treasury Department is trying to put emphasis on challenge’s posed by stablecoin redemptions and the effect of a possible run on the crypto asset market The U.S Treasury Department is trying to put emphasis on challenge’s posed by stablecoin redemptions and the effect of a possible run on the crypto asset market. Based on a report from Bloomberg by anonymous sources, Treasury officials are preparing policy recommendations created to let the stablecoin holders can openly transform between their tokens and other assets. The report said that the lawmakers will try to mitigate “the most urgent risks” related with Tether (USDT) and other stable tokens trying to highlight the threats a “fire-sale run” on crypto assets could impose for financial stability broadly. Critics have always criticized Tether’s redemption process and supporting this by asserting that it is not possible to redeem USDT for fiat using the company’s website over the years. With back-to-back fail
Źródło: https://tokeneo.com/treasury-plans-on-stablecoin-repression-even-as-tether-s-power-is-fading-away/
