Janet Yellen ,the US Secretary of the Treasury called on U.S. legislators to develop a reliable federal framework on stablecoins to address risks towards financial stability.
The United States regulatory bodies have reportedly agreed that the Securities and Exchange Commission will lead the United States’ efforts to control the stablecoins sector.
As financial authorities around the world become increasingly concerned about stablecoin regulation, a jurisdiction in China is preparing to pilot a new yuan-pegged stablecoin for international trade.
