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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.

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)