SEC Declares Covered Stablecoins Like USDT and USDC Are Not Securities; Minting and Redeeming Exempt

The U.S. Securities and Exchange Commission (SEC) has clarified its stance on stablecoins, stating that most stablecoins pegged to the U.S. dollar, referred to as 'covered stablecoins', are not classified as securities. This includes widely used tokens such as Tether (USDT) and USD Coin (USDC). The SEC's guidance indicates that individuals involved in the minting or redeeming of these stablecoins are not required to register with the agency. However, the SEC cautioned that yield-bearing tokens may still be subject to securities regulations. This announcement is expected to be a focal point at the upcoming Stablecoin Conference. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io