New York State Department of Financial Services released Guidance on the Issuance of U.S. Dollar-Backed Stablecoins meant to set foundational criteria for USD-backed stablecoins issued by DFS-regulated entities foucus on redeemability, assets reserves and attestations
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On June 8, the New York State Department of Financial Services (DFS) released its Guidance on the Issuance of U.S. Dollar-Backed Stablecoins meant to set foundational criteria for.
New York’s Department of Financial Services released interpretive guidance on the Issuance of U.S. Dollar-Backed Stablecoins, it applies to entities that issue stablecoins, and addresses three broad topics redeemability, reserve requirements, and monthly attestation