The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published for public consultation preliminary guidance that confirms and clarifies that systemically-important stablecoin arrangements (SAs) should observe international standards for payment, clearing and settlement systems. The report proposes additional guidance on how certain aspects of the CPMI/IOSCO Principles for Financial Market Infrastructures (PFMIs) apply to the novel features of SAs. [Read more]
Circle’s newest attestation report shows that it has sold most of its corporate bonds, long-dated commercial paper, Yankee certificates of deposit, and Treasury notes, that back its USDC stablecoin. [Read more]
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