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GENIUS Act: does exempting synthetic stablecoins open a back door? - Ledger Insights - blockchain for enterprise
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GENIUS Act: does exempting synthetic stablecoins open a back door? - Ledger Insights - blockchain for enterprise
The GENIUS Act was drafted to cover permitted payment stablecoins, with some of the wording clearly aiming to exclude synthetic coins like Sky’s USDS and Ethena’s USDe that are not primarily backed by cash or Treasuries. The question is whether the same wording opens a wider path around regulation than intended, such as letting an […] The post GENIUS Act: does exempting synthetic stablecoins open a back door? appeared first on Ledger Insights - …
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