Tether Reportedly Plans New Stablecoin Amid SEC’s Latest Guidelines

The US Securities and Exchange Commission (SEC) has issued one of its most definitive statements yet on the regulatory treatment of stablecoins. In a move that could reshape the market, the agency clarified that certain stablecoins, under specific conditions, do not fall under the definition of securities. Tether Considers Shifting Strategy with SEC’s New Update The SEC labeled these assets as “covered stablecoins,” and they must meet strict requirements to remain outside the regulator’s oversight. “Covered Stablecoins are not marketed as investments; rather, they are marketed as a stable, quick, reliable and accessible means of transferring value, or storing value and not for potential profit or as investments,” the SEC explained source: https://beincrypto.com/sec-stablecoin-guidance-tether-usdt/