Morgan Stanley Says US Could Regulate Stablecoin Issuers Like Banks

The U.S. government is preparing a regulation for stablecoin or crypto dollars issuers which could see them being regulated in a similar way to how the banks are regulated, MorganStanley said in a report. By willcanny99

The U.S. Treasury and congress are preparing regulation for stablecoin or crypto dollars issuers which could see them being regulated in a similar way to how the banks are regulated,Morgan Stanley said in a research report last month.relating to the future of digital assets, with a focus on investigating a central bank digital currency .

Implications for the crypto markets could be far reaching as about 60% of bitcoin and ether exchanges are trades versus a stablecoin, and stablecoin lending has become an important part of centralised and decentralised finance , the note added.is an umbrella term used for lending, trading and other financial activities carried out on a blockchain, without needing any third parties.

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