DiscoverDigital Bytes by Team Blockchain Radio; Powered By Cyber.FMStablecoins: Are They Securities? by James Ramsden KC, Astraea Group
Stablecoins: Are They Securities? by James Ramsden KC, Astraea Group

Stablecoins: Are They Securities? by James Ramsden KC, Astraea Group

Update: 2024-08-14
Share

Description

Stablecoins, especially those that bear interest, could be classified as securities under US law using the Howey Test. Stablecoins generally are not considered securities because their value is pegged, however, interest-bearing stablecoins could complicate this assessment. However, Circle (issuer of USDC) asserts that stablecoins function as currency substitutes, lack profit potential from issuers' efforts and should not be seen as securities. The conclusion is that interest-bearing stablecoins should not be classified as securities.


Full Article Here

Comments 
loading
In Channel
loading
00:00
00:00
1.0x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Stablecoins: Are They Securities? by James Ramsden KC, Astraea Group

Stablecoins: Are They Securities? by James Ramsden KC, Astraea Group

James Tylee / Jonny Fry