Treasury plots stablecoin crackdown even as Tether’s dominance wanes


While Tether’s dominance has fallen to 56%, USDC and BUSD have surged to 23.9% and 10.4% respectively. The U.S. Treasury Department is reportedly preparing a review highlighting challenges posed by stablecoin redemptions and the effect of a possible run on the crypto asset market.According to a Sept.16 report from Bloomberg citing anonymous sources, Treasury officials…

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