SEC Redefines Stablecoins: No Registration Required for US Dollar-Backed Assets

The SEC has clarified that minting and redeeming stablecoins are not subject to registration under securities laws through a new guidance document. Covered stablecoins, which are fully backed by the US dollar with one-to-one value maintenance, do not trigger classical securities legislation. This decision aligns with ongoing legislative efforts like the STABLE Act and GENIUS Acts.