SEC Cuts Stablecoin Haircut to 2%, But What Does it Mean?
The US Securities and Exchange Commission (SEC) has paved the way in which for Wall Street to combine stablecoins into conventional finance. On February 19, the monetary regulator issued steering permitting broker-dealers to apply a 2% “haircut” to positions in fee stablecoins. A haircut is the proportion of an asset’s worth {that a} monetary establishment…
