SEC lays out guidelines for stablecoins, excludes algorithmic tokens
The total stablecoin market cap has topped $228 billion and currently accounts for 1.09% of the US M2 money supply, according to RWA.XYZ. The United States Securities and Exchange Commission (SEC) released a statement on April 4 establishing guidelines for stablecoins. In an April 4 statement, the agency minted a new term, “covered stablecoins,” classifying…