The United States Securities and Exchange Commission (SEC) issued a statement on April 4 that established guidelines for Stablecoins.
In an April 4 statement, the agency mints a new term, “covered stablecoins,” which classifies them as non-security and releases of transactions of tokens from reporting requirements.
According to Sec Meaning.
The definition avoids algorithmic stablecoins that maintain their US dollar peg using software or an automatic trading approach, leaving the status of regulation of algorithmic stablecoins, synthetic dollars, and Ani-bearing fiat token Not sure.
Current general -the Stablecoin market decision. Source: Rwa.xyz
The leaders and executives of the industry are currently pushing for regulatory changes that will allow Stablecoin providers to share yield opportunities with stablecoin and offer interest in onchain.
According to the new rules, covered Stablecoin readers should not co-calm asset reserves with capital operation or offer interest, income, or opportunities to bear fruit. In addition, covered stablecoin providers should not use their reserves for investment or speculation in the market.
Related: Stablecoin supply advances $ 30B in Q1 while investors are raising against volatility
The SEC definition of “covered stablecoin” corresponding to the greater US policy purposes
The SEC standard for covered stablecoins is consistent with the regulations set in the Stablecoin genius Bill, Senator Bill Hagerty introducedand the stable law of 2025, Rep. French Hill.
The proposed law aims to protect the US dollar status as a global currency reserve through stablecoins supported by US dollars and government security.
The guide and establishment of national innovation for the US Stablecoins (Genius) of the 2025 Act. Source: US Senate
Stablecoin’s centralized issues are returning to their tokens with US dollar deposits held at the US Treasury’s regulated financial institutions and short -term US treasury bills, driving demand for US dollar and US government debt.
Tether, the largest stablecoin provider in the world, is the Seventh-largest US Treasury owner’s largest ownerBeat countries such as Canada, Germany, and South Korea.
Speaking at the first White House Digital Asset Summit on March 7, US Secretary of Treasury said Scott Bescent will use Stablecoins Expand the dominance of the US dollar.
Bessent said the regulating of Stablecoins was centered on the administration’s digital asset approach and a leading priority in regulation in the current legislative session.
Magazine: Bitcoin payments are weakened by centralized stablecoins
