SEC’s Stablecoin Surprise: A Modest 2% Trim for the Ton
The Securities and Exchange Commission, in a rare display of leniency, has quietly bestowed upon the market one of its most amiable gestures yet. By slashing the capital “haircut” on stablecoins from 100% to a mere 2%, it has effectively declared that $100 of approved stablecoins may now be considered $98 toward a firm’s net capital. How very progressive! One might almost imagine the SEC as a benevolent aunt, albeit one with a penchant for excessive rule-making.


