Analysis: Tether stablecoin may not fall under the category of "compliant stablecoins" as defined by the U.S. SEC

ChainCatcher news, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has released new regulations clarifying that certain stablecoins do not fall under the category of securities and may be exempt from trading reporting obligations. Some analysts believe that the stablecoins covered by the SEC's new regulations may not include those issued by Tether, as the SEC pointed out that acceptable reserves for stablecoins do not include precious metals or other crypto assets, both of which are included in Tether's reserves.

In addition, the SEC also requires that any token must be redeemable for U.S. dollars at any time, but Tether's terms of service suggest that there may be minimum redemption amounts or delays in redemption.