Circle Asks SEC to Remove Rule That Restricts Stablecoin Use on Wall Street
(4 hours ago) · 1 source · Summarized by CryptoBipto
Circle, the company behind the USDC stablecoin, has asked the U.S. Securities and Exchange Commission to eliminate a regulation that it says increases costs and limits stablecoin adoption in traditional financial markets. The company argues the rule creates unnecessary barriers for stablecoins in securities settlement and other Wall Street activities.
WHY IT MATTERS
Stablecoins are cryptocurrencies designed to hold a steady value, usually pegged to a currency like the U.S. dollar.
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SOURCES
- cryptoslate.com
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