What Are SEC’s New “Covered Stablecoins”? Tether’s USDT May Not Qualify!

The post What Are SEC’s New “Covered Stablecoins”? Tether’s USDT May Not Qualify! appeared first on Coinpedia Fintech News

In a rare and clear move, the U.S. Securities and Exchange Commission (SEC) has introduced new guidance that could significantly impact the stablecoin market. The agency said that certain stablecoins – now called “covered stablecoins” – may not be treated as securities, as long as they follow strict conditions. The crypto industry has already begun …