Treasury Secreatary ‘Janet Yellen’ to discuss about Stablecoin, Ethereum, Solana, USDC and ‘Bitcoin’ with regulator of CryptoCurrency to begin with new fincial assets: US Treasury crypto News
WASHINGTON, DC | U.S. Treasury Secretary Janet Yellen will meet with the President’s Working Group on Digital or physical Financial Markets next week to discuss the role stablecoins could play in the financial system without any crypto market votality amid recent crashes and market breaks.
That meeting is taking place with representatives again from the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, the Treasury announced.
Janet Yellen one of most popular US Treasury Department member to accept the digital electric payment system and discussing about digital blockchain payment for the future of institutions and newly supporters of Bitcoin and Ethereum.
USDT, USDC, BUSD are has a Stablecoins are digital currencies designed to be less volatile than other cryptocurrencies by pegging their market value to an outside asset like the U.S. dollar.
The US treasury and SEC are covering all about CryptoCurrency Regulating and allowing XRP and other Complicated cryptocurrencies to allow the user to investors to hold, Buy and Sell with no more risk of votalite.
Bitcoin, Ethereum, BNB and other Votalite markets coins are not be allowed in the US treasury permission for use in the local goverment backed assets but Stable Coins will be a way for making a digital world or financial assets better with no more Votality risks and leverage plummet risks.
Allthough, US Treasury Officials are wants to allow the CryptoCurrency in the US Treasury management of Finacial market but after the watching more votality down and jump, mostly officials are waiting for good Stablecoin to make a better financial assets with less votalite risks without Bitcoin breaks and drops.
“Bringing together regulators will enable us to assess the potential benefits of stablecoins while mitigating risks they could pose to users, markets, or the financial system,” Yellen said in a statement. “In light of the rapid growth in digital assets, it is important for the agencies to collaborate on the regulation of this sector and the development of any recommendations for new authorities.”
By the way, Janet Yellen and US Treasury Department wants to avoid from Votality market of CryptoCurrency, but there in the US mostly institutions, Developers, digital world, Financials, freedom and anywhere, everywhere supports are still interest in the CryptoCurrency between high warning of Votality.
The US treastury Secretary (JanetYellen) wants to use Stablecoin as a less Votality coin for the avoid of high crypto Market risks but Bitcoin, Ethereum, Solana has risk to be a votalite in the panic market sells and low buys amid any kind of panic situations.
Above, In the May 2021, Janet Yellen joined a Meeting related to Stablecoin for the US treasury and Financial assets to approve Stablecoin the US financial industry.
US All financial groups will be use Stablecoin in the future after the clarification of Janet Yellen for the safety of US financial groups and their investment and secure the all time payment system better with Stablecoin.
Crypto Trading in decentralized finance, also known as DeFi. They’re growing in popularity and interest. The Visa Card is also first supports US-Dollar backed Stabke coin (USDC) and also the USTether a way for Europe to make a digital business between NorthAmerica and EU in easy way with USTether and other EU/US based coin to avoid the votality of future.