 | The new rules would require issuers to maintain assets equal to at least 100% of all tokens in circulation at all times, and in accounts separate from issuers' own funds. The regulator states in a consultation paper that stablecoins should be used for payments, not by the public as investment products or to generate yield similar to interest earned on a bank savings account. The new rules would completely ban stablecoin issuers from paying interest or other benefits tied to customers' stablecoin holdings. [link] [comments] |
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