The Guidance
- The SEC clarified the liquidity buffer brokers need when handling stablecoins.
- It’s a key change that will attract institutions to the sector.
- US Treasury Secretary Scott Bessent predicts the niche to hit $3 trillion by 2030.
A version of this story appeared in The Guidance newsletter on February 23. Sign up here.
Stablecoins are getting another facelift — or, rather, haircut.
Late last week, the US Securities and Exchange Commission announced that broker-dealers needn’t treat dollar-pegged cryptocurrencies with the same risk profile as before.
Instead, Commissioner Hester Peirce clarified that the SEC would not object if a broker-dealer applied a 2% haircut to stablecoins.
It’s a key regulatory change that will likely make stablecoins far more attractive for traditional financial firms.
“This move will open the floodgates for embedding stablecoins in institutional…
