According to Bloomingbit, the U.S. Treasury is promoting a plan to impose counterparty due diligence requirements on stablecoin issuers at levels equivalent to U.S. banks. The proposal aims to require stablecoin issuers to undertake the same due diligence obligations as traditional banks, tightening verification standards for these entities. Specific details including implementation timelines and the scope of covered entities remain undisclosed.

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