“Stablecoins ( … ) pose illicit finance concerns and risks to financial integrity.”
On 1 November 2021, the U.S. President’s Working Group on Financial Markets released a report on Stablecoins. Stablecoins are digital assets that are designed to maintain a stable value relative to a national currency. The report addresses the money laundering, terrorist financing and proliferation risks of Stablecoins, as well as other pertinent issues such as the creation of new legislation.
Download the full report that was published on 1 November 2021.