The U.S. regulatory landscape for stablecoins has fundamentally shifted. Following the GENIUS Act, the SEC and CFTC issued joint guidance clarifying that compliant stablecoins are officially "payment tools," not securities.
Under new OCC oversight, issuers like Circle and Tether must maintain 1:1 liquid reserves in U.S. Treasuries or cash. Crucially, to avoid SEC "investment contract" triggers, these tokens are prohibited from paying interest to holders. While this mandates strict transparency and monthly audits, it provides the legal certainty needed for Mastercard and other giants to integrate stablecoins into global settlement systems. #USDT #USDCstablecoin

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