Kiffmeister’s #Fintech Daily Digest (10/06/2021)

CPMI and IOSCO publish guidance, call for comments on stablecoin arrangements

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]

USDC is getting less risky

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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