NY AG Warns Against Stablecoins Backed by Foreign Issuers
New York State Attorney General Letitia James has cautioned against embracing foreign issuers of stablecoins like Tether, urging the U.S. government to require these digital assets to be backed by the US dollar or treasuries on a one-to-one basis. In her letter, dated April 8, James emphasized the need for stablecoins issued by companies with … Read more