Treasury plots stablecoin crackdown even as Tether’s dominance wanes

Cointelegraph

Published Sep 16, 2021 10:08PM ET

Updated Sep 18, 2021 12:00AM ET

The United States Treasury Department is reportedly preparing a review highlighting challenges posed by stablecoin redemptions and the effect of a possible run on the crypto asset market.

According to a Sept.1 report from Bloomberg citing anonymous sources, Treasury officials are readying policy recommendations designed to ensure stablecoin holders can freely convert between their tokens and other assets.

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