USDT, USDC Face Danger As BIS to Permit Only Permissioned Stablecoins

All stablecoins issued on the permissionless blockchains such as Tether’s USDT and Circle’s USDC face the danger of major regulatory wrath ahead as the Bank of International Settlements (BIS) has issued new guidance tightening its criteria over permissionless stablecoins. BIS Targets Stablecoins like USDT and others On Wednesday, July 17, the Basel Committee on Banking The post USDT, USDC Face Danger As BIS to Permit Only Permissioned Stablecoins appeared first on CoinGape .

Source: CoinGape