BIS Tightens Regulations on Tether’s USDT, Circle’s USDC, Shaking Stablecoin Market

Stablecoin projects are facing significant regulatory hurdles due to newly tightened guidelines by the Bank for International Settlements (BIS). These new directives have sparked reactions from industry experts, potentially impacting popular stablecoins like Tether’s USDT and Circle’s USDC. On July 17, 2023, the Basel Banking Supervision Committee released its final disclosure report, enhancing the criteria

Source: CoinOtag