Don’t subject stablecoins to new rules, crypto lobby tells U.S. regulators

Don't subject stablecoins to new rules, crypto lobby tells U.S. regulators

LONDON, Oct 18 (Reuters) – Asset-backed stablecoins do not pose a systemic risk to the U.S. financial system and should not face a new set of rules, a major cryptocurrency lobby group told U.S. regulators on Monday, as tighter oversight of the fast-growing technology looms.Stablecoins – digital tokens usually backed by reserves of dollars or … Read more