US Treasury Pursues Bank-Level Counterparty Due Diligence for Stablecoin Issuers
The Treasury is reportedly moving to require stablecoin issuers to undergo counterparty due diligence at the bank level.
US Treasury to pursue bank-level counterparty due diligence for stablecoin issuers.
According to bloomingbit, the U.S. Treasury is reportedly pursuing bank-level counterparty due diligence for stablecoin issuers. The move signals a tightening of regulatory oversight over the stablecoin market.
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Regulatory Focus
The Treasury’s action focuses on ensuring that stablecoin issuers maintain robust counterparty risk management.
Implications for Issuers
Stablecoin issuers may need to adjust compliance frameworks to meet the new due‑diligence requirements.
Key facts
- US Treasury to pursue bank-level counterparty due diligence for stablecoin issuers.
Source: news.google.com
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