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    Treasury Secretary Yellen To Meet With Top Regulators To Discuss Risks and Benefits of Stablecoins

    US Treasury Secretary Janet Yellen will meet with the Working Group of President on Financial Markets to talk about policy on stable coins. According to the US Treasury Department’s announcement, Yellen and the PWG will be joining the Office of the Comptroller of the Currency along with the Federal Deposit Insurance Corporation (FDIC) with the motive to discuss interagency work on stable coins.

    Yellen also said that the meetings would allow the regulations to weigh the benefits of the stable coins against any risks that can post to the financial system.

    The announcement has been made while considering the interagency work that is going to expand on an initial assessment by the PWG for the key regulatory and supervisory considerations on certain stable coins.

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