Crypto
U.S. SEC to cut stablecoin collateral haircut to 2 percent
The U.S. Securities and Exchange Commission has issued new guidance allowing broker-dealers to apply a 2 percent collateral haircut to stablecoins they hold, The Block reported on Thursday. The Block said the move effectively lowers regulatory hurdles compared with some brokers’ practice of applying a 100 percent haircut. The SEC’s Trading and Markets division said the guidance aims to reduce burdens when applying customer asset protection rules.
