United Texas Bank CEO wants to 'limit the issuance of US dollar-backed stablecoins to banks'

by Aurelia Butler 19 August 2022, 23:00 149 Views

Speaking before the Texas Work Group on Blockchain Matters in Austin on Friday, Beck suggested limiting the issuance of U.S. dollar-backed stablecoins to licensed banks rather than issuers like Circle. The United Texas Bank CEO cited a November report from the President’s Working Group on Financial Markets, in which the group said stablecoin issuers should be held to the same standards as insured depository institutions including state and federally chartered banks.

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Source: Cryptocurrency - investing.com

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United Texas Bank CEO wants to 'limit the issuance of US dollar-backed stablecoins to banks'

U.S. Treasury disputes finding that new IRS funding would increase middle-class taxes

3 reasons why Bitcoin’s drop to $21K and the market-wide sell-off could be worse than you think

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