CoinMarketCap.com称，稳定币在不受监管的灰色地带蓬勃发展，流通中的代币价值现已超过1200亿美元。它们越来越多地被用于交易，与传统金融产品--例如银行储蓄账户--类似，而对消费者的保护程度则低得多。Us officials are discussing whether to launch a formal assessment to determine whether stable currencies such as Tether threaten financial stabilityThe regulatory action is likely to expose the stable currency, an area of the rapidly expanding cryptocurrency market, to much more stringent regulation.
After weeks of deliberation, the US Treasury and other federal agencies are about to decide whether the review will be initiated by the Financial Stability Supervisory Board (FSOC), according to three people familiar with the matter. People familiar with the matter spoke on condition of anonymity because the discussion took place behind closed doors.FSOC has the right to determine that an enterprise or activity poses a systematic threat to the financial system.Once this label is affixed, it often means that regulators will issue strict regulations and carry out aggressive regulation.
If this characterization is made, it may have a significant impact on the stability of the currency.. Traders generally use stable coins to buy bitcoins and other virtual currencies, so stable coins are crucial to the cryptocurrency market.
Stable currencies are booming in unregulated grey areas, and tokens in circulation are now worth more than $120 billion, according to CoinMarketCap.com. They are increasingly used for trading, similar to traditional financial products, such as bank savings accounts, with much less protection for consumers.
One of the characteristics of stable currency is that it is anchored with legal tender.，It means that they should be protected from the price ups and downs that plague Bitcoin.. Tether and others use assets such as US dollars and corporate bonds to support their tokens to achieve this.
The Presidential Financial Markets working Group, led by U.S. Treasury Secretary Janet Yellen, is particularly concerned that Tether claims to hold large amounts of commercial paper-debt issued by the company to meet short-term financing needs. At a closed-door meeting of US officials in July, they compared the situation to unregulated money market mutual fundsOnce the cryptocurrency falls sharply, it is easy to have a chaotic investor run.。
The presidential working group plans to make recommendations on a stable currency by December, and participating regulators are beginning to agree that the FSOC has reason to initiate a review, according to people familiar with the matter. The two regulatory organizations overlap. Yellen, Federal Reserve Chairman Colin Powell and Securities and Exchange Commission Chairman Gary Gensler are members of both the presidential working group and the FSOC.
A spokesman for the U.S. Treasury declined to comment.
