“Stablecoin regulations, in particular, are set to be coordinated globally via the Financial Stability Board (FSB) across the G20, further constraining the usage of unregulated stablecoins such as tether,” the report added.
Tether has come under pressure to be more transparent about how its reserves are invested, and has been working toward publishing real-time data. Still, JPMorgan says the latest disclosures by the stablecoin issuer are not enough to reduce concerns.
Source: https://www.coindesk.com/policy/2024/02/16/us-regulators-do-have-some-control-over-stablecoin-tether-jpmorgan/?utm_medium=referral&utm_source=rss&utm_campaign=headlines