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The US Treasury’s Stablecoin Report Would Treat Issuers Like Banks, but Doesn’t Address How

The U.S. government’s stablecoin report is finally out. Bank regulators are having a big day.

Updated May 11, 2023, 6:28 p.m. Published Nov 2, 2021, 1:30 p.m.
U.S. President Joe Biden (left) and Treasury Secretary Janet Yellen (Chip Somodevilla/Getty Images)
U.S. President Joe Biden (left) and Treasury Secretary Janet Yellen (Chip Somodevilla/Getty Images)