Close Menu
Cryprovideos
    What's Hot

    ‘They Make No Cash’: Right here’s What Tether’s CEO Needed to Say About Circle Earlier than Its Large IPO – Decrypt

    June 8, 2025

    Dubai actual property gross sales hit $18B in Could amid tokenization push

    June 8, 2025

    Ethereum Gears Up at a Make-or-Break Zone – BlockNews

    June 8, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Markets»Treasury Division’s FSOC Says Stablecoins Characterize Potential Threat to US Monetary Stability – The Day by day Hodl
    Treasury Division’s FSOC Says Stablecoins Characterize Potential Threat to US Monetary Stability – The Day by day Hodl
    Markets

    Treasury Division’s FSOC Says Stablecoins Characterize Potential Threat to US Monetary Stability – The Day by day Hodl

    By Crypto EditorDecember 8, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The U.S Treasury Division’s Monetary Stability Oversight Council (FSOC) says the position of stablecoins as a bridge between the digital asset market and the broader monetary system warrants continued consideration.

    In its 2024 annual report, the FSOC says that stablecoins – commodity or currency-pegged cryptocurrencies – don’t have enough safeguards towards dangers and failures. 

    “Because the Council has said over the past a number of years, stablecoins proceed to characterize a possible danger to monetary stability as a result of they’re acutely weak to runs absent applicable danger administration requirements.”

    The FSOC says the dearth of precautionary measures turns into extra regarding as a result of greater than half of the stablecoin sector’s whole market worth is held by a single agency: USDT issuer Tether.

    USDT’s whole market cap is roughly $138 billion, representing round 70% of the worldwide stablecoin market, based on FSOC. 

    “Provided that agency’s market dominance, if it continues to develop, its failure might disrupt the crypto-asset market and create knock-on results for the normal monetary system.”

    The council says many stablecoin issuers are additionally working outdoors of the prudential regulatory framework, which will increase the chance of fraud.

    “Though a number of are topic to state-level supervision requiring common reporting, many present restricted verifiable details about their holdings and reserve administration practices.”

    Amid the continued progress of the crypto market, the FSOC urges legislators to enact legal guidelines to mitigate dangers associated to stablecoins.

    “The Council recommends that Congress move laws making a complete federal prudential framework for stablecoin issuers to handle run danger, cost system dangers, market integrity, and investor and shopper protections, together with for entities that carry out companies essential to the functioning of the stablecoin association.”

    Learn the complete report right here.

    Do not Miss a Beat – Subscribe to get e mail alerts delivered on to your inbox

    Verify Value Motion

    Observe us on X, Fb and Telegram

    Surf The Day by day Hodl Combine

    &nbsp

    Treasury Division’s FSOC Says Stablecoins Characterize Potential Threat to US Monetary Stability – The Day by day Hodl

    Disclaimer: Opinions expressed at The Day by day Hodl will not be funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your individual danger, and any losses you could incur are your accountability. The Day by day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Day by day Hodl an funding advisor. Please notice that The Day by day Hodl participates in internet affiliate marketing.

    Featured Picture: Shutterstock/Teo Tarras/Natalia Siiatovskaia





    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Dubai actual property gross sales hit $18B in Could amid tokenization push

    June 8, 2025

    HIVE Digital Applied sciences – Amelia Tomasicchio and Aydin Kilic

    June 8, 2025

    Billionaire BlackRock CEO Larry Fink Warns $36,000,000,000,000 Debt Will 'Overwhelm' America Until Stellar Financial Development Achieved – The Each day Hodl

    June 8, 2025

    Stablecoins Surge: Unlocking a Billion-Person Market Alternative

    June 8, 2025
    Latest Posts

    Is $100K Bitcoin the Ceiling? Mike McGlone Thinks So

    June 8, 2025

    Bitcoin, Solana and Dogecoin Plunge as Circle Inventory Surges After IPO – Decrypt

    June 8, 2025

    Has Bitcoin been captured by politics and establishments?

    June 8, 2025

    BAY Miner’s cloud mining contracts assist buyers earn as much as $100,000 price of BTC per day

    June 8, 2025

    Bitcoin’s Nonetheless Bought Gasoline within the Tank, Says Analyst – BlockNews

    June 8, 2025

    Bitcoin Value Flat as Could US Jobs Report Beats Estimates – Decrypt

    June 8, 2025

    Watch Out For These Ranges If Bitcoin Value Returns To $100K: Blockchain Agency

    June 8, 2025

    Ethereum ETFs Report 15 Consecutive Days of Inflows, Outshining Bitcoin

    June 8, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Ripple CEO Congratulates CFTC Chair Nominee, Shibarium Eyes One Billion Transaction Document, Samson Mow Affords 6 Paths to Bitcoin Omega Candle: Crypto Information Digest by U.At present

    February 14, 2025

    Bitcoin Value Prediction: BTC Drops 3% In Newest Crypto Market Correction As Traders Flock To This ICO Providing Free Bitcoin

    February 25, 2025

    Finest Crypto to Purchase Now as Michigan Declares Struggle on Crypto Confusion – CryptoDnes EN

    May 23, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.