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Ripple’s RLUSD and other payment stablecoins in the U.S. have received a major boost from the SEC’s latest guidance, which reduces the haircut that broker-dealers must apply to positions in stablecoins. SEC Chair Paul Atkins also commented on this move, describing it as a great step as traditional finance (TradFi) firms look to access on-chain […]
Ripple’s RLUSD and other payment stablecoins in the U.S. have received a major boost from the SEC’s latest guidance, which reduces the haircut that broker-dealers must apply to positions in stablecoins. SEC Chair Paul Atkins also commented on this move, describing it as a great step as traditional finance (TradFi) firms look to access on-chain
The post Ripple’s RLUSD Gets Institutional Boost as SEC Eases Stablecoin Rules for Broker-Dealers appeared first on CoinGape.
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