Stablecoins Clear Major Regulatory Barrier as SEC Revises Capital Rules

TLDR: The SEC reduced the stablecoin capital haircut from 100% to 2%, in line with money market fund treatment.  Broker-dealers previously needed $2 million in capital reserves just to hold $1 million in stablecoins.  The rule change allows regulated firms to use stablecoins for settlement, collateral, and tokenized assets.  Lower capital requirements are expected to [...]

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