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New York DFS Releases Guidance On U.S. Dollar Backed Stablecoins

Published: June 14, 2022

New York State Department of Financial Services released Guidance on the Issuance of U.S. Dollar-Backed Stablecoins meant to set foundational criteria for USD-backed stablecoins issued by DFS-regulated entities foucus on redeemability, assets reserves and attestations

Source: natlawreview.com

Related Topics:

Janet YellenFinancial Stability Oversight CouncilSenate Banking CommitteeYork State Department Of Financial ServicesGroup On FinancialNew York State DepartmentFinancial ServicesBacked StablecoinsAsset ReservesTreasury Secretary Janet YellenAnnual ReportWorking GroupFinancial MarketsNew YorkStable CoinsDigital AssetsSsets Reserves Consumer Protection