US Treasury reportedly in talks for stablecoin regulation

Treasury officials are studying the risks if too many people decide to withdraw their stablecoins all at once. Read the full article by Helen Partz

Key Points:

• Treasury officials having been meeting with diverse groups that are participating in the use of private stablecoins to get a better sense of the risks, benefits, and if they need direct government oversight. They have met with banks and credit unions as well as consumers that support stable coins and market participants.

• The increased attention comes from the fact that two of the top ten crypto currencies are stable coins, USDC and Tether, and they have a combined market cap of $125 billion.