- The report said stablecoins are a form of 'private currency' and don't meet NQA requirements
- The report also said stablecoins will likely need to be replaced with CBDCs as… [+3966 chars]
Financial Crypto Currency
US Treasury On Stablecoins: CBDC Replacement Of 'Private Currency,' Subtle Jab At Tether
A U.S. Treasury report recognized the stellar growth of the stablecoin sector, but it also warned of run risks related to the market, and suggested that stablecoins will "likely need" to be replaced by CBDCs.
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