U.S. Treasury weighs bank-level counterparty due diligence for stablecoin issuers

The U.S. Treasury is pushing a plan to apply the same level of counterparty due diligence requirements used for U.S. banks to stablecoin issuers, Solid Intel reported. The move would tighten counterparty verification standards for stablecoin issuers to a bank-level threshold. A specific implementation timeline and scope were not disclosed.