The Basic Principles Of stablecoin regulation
Fiat-backed stablecoins continue to keep a single unit of fiat income or hard cash-equal inside a reserve, similar to a bank, for each stablecoin that’s been issued on-chain. Stablecoins for instance USDC whitelist sure establishments as issuers. When these issuers wish to mint a stablecoin, they deposit USD right into a bank account equivalent t