This statement provides an initial assessment from the President’s Working Group on Financial Markets1 (PWG Members) on certain key regulatory and supervisory considerations for participants in significant digital asset arrangements that are designed to maintain a stable value relative to an identified fiat currency (so-called “stablecoins”), have a U.S. nexus, and are intended primarily for retail payments use. 2 PWG Members welcome dialogue on this statement as U.S. authorities continue to assess the evolving technological and market landscape and U.S. regulatory framework with respect to stablecoins. The United ... (full story)