Stablecoin Crisis: BIS New Guidance Challenges USDT and USDC

After a downtown, crypto is facing another terror called regulatory interference. The Bank of International Settlements (BIS) has issued new guidance tightening criteria for stablecoins, specifically targeting those issued on permissionless blockchains like Tether’s USDT and Circle’s USDC. This move could impose significant restrictions on these widely used stablecoins.  This is not good news... source: https://coinpedia.org/news/stablecoin-crisis-bis-new-guidance-challenges-usdt-and-usdc/