Tether Faces Regulatory Scrutiny Over Commercial Paper Reserves

The Acting Comptroller of the Currency, Michael Hsu, wants to take a deeper look into Tether’s reserves, especially those that are not cash equivalents. What is a “stablecoin” in regulatory terms? According to a Bloomberg report, several high-ranking officials in US regulatory bodies and crypto experts held a closed-door meeting, led by Treasury Secretary Janet […]

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