US regulators may impose stricter rules for regulating stable digital coins if they identify economic threats from their use.
The US Treasury Department is developing guidelines for stablecoin issuers to guarantee customers the ability to withdraw money from stable digital coins, Bloomberg writes, citing sources.
According to sources, the US authorities could introduce stricter rules for regulating stablecoins if the Financial Stability Oversight Board identifies economic threats posed by them.
The US Treasury is currently studying the process of processing transactions involving stablecoins and how they might be affected by market conditions.
On September 16, the head of the European Central Bank Christine Lagarde called for stricter regulation of stablecoins . She called cryptocurrencies speculative assets and questioned whether they belong to real currencies.
A stablecoin is a digital coin whose value is tied to a specific physical asset.
The first such coin to be pegged to a currency, Tether’s USDT, was launched in 2015.
It is pegged to the value of the US dollar in a 1: 1 ratio.
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