Scott Beck, CEO of the United Texas Bank, urged representatives of the government’s blockchain advisory committee to suggest a policy that would leave stablecoins to financial institutions rather than...
Tag: DollarBacked
United Texas Bank CEO Suggests Granting the Issuance of US Dollar-backed Stablecoins to Banks
Chief executive officer of United Texas Bank, Scott Beck, has asked members of the state’s blockchain working group to propose a policy for letting banks supervise stablecoins instead of the crypto fi...
United Texas Bank CEO wants to ‘limit the issuance of US dollar-backed stablecoins to banks’
Scott Beck, chief executive officer of United Texas Bank, called on members of the state’s blockchain working group to recommend policy for leaving stablecoins to banks rather than crypto firms. Speak...
Dollar-Backed HUSD Stablecoin Plummets From Peg
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New York Finance Regulator Issues Fresh Guidance on Dollar-Backed Stablecoins
The New York State Department of Financial Services (DFS) released first-of-its-kind regulatory guidance for entities issuing U.S. dollar-backed stablecoins. The guidance outlines the “baseline criter...
New York state releases guidance for issuing dollar-backed stablecoins
The New York State Department of Financial Services (DFS) on Wednesday released regulatory guidance for U.S. dollar-backed stablecoins issued by DFS-regulated entities. According to a DFS statement, i...