The U.S. Securities and Exchange Commission (SEC) has clarified its stance on stablecoins, stating that most stablecoins pegged to the U.S. dollar, referred to as 'covered stablecoins', are not classified as securities. This includes widely used tokens such as Tether (USDT) and USD Coin (USDC). The SEC's guidance indicates that individuals involved in the minting or redeeming of these stablecoins are not required to register with the agency. However, the SEC cautioned that yield-bearing tokens may still be subject to securities regulations. This announcement is expected to be a focal point at the upcoming Stablecoin Conference.
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