{"id":83948,"date":"2023-02-21T00:09:33","date_gmt":"2023-02-21T05:09:33","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=83948"},"modified":"2023-02-20T22:27:51","modified_gmt":"2023-02-21T03:27:51","slug":"the-sec-has-a-stablecoin-firm-in-its-sights-and-it-could-shake-up-the-whole-137-billion-market","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2023\/the-sec-has-a-stablecoin-firm-in-its-sights-and-it-could-shake-up-the-whole-137-billion-market.html","title":{"rendered":"The SEC has a stablecoin firm in its sights \u2014 and it could shake up the whole $137 billion market"},"content":{"rendered":"\n<p>(CNBC) The U.S. Securities and Exchange Commission could be gearing up to take action against Paxos, a company that issues a type of cryptocurrency called stablecoin. The move will have major implications for the $137 billion market. Stablecoins are a type of cryptocurrency designed to mirror real-world assets such as the U.S. dollar. These stablecoins are often backed by real assets such as bonds or cash in reserve.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/02\/20\/how-the-sec-and-paxos-busd-fight-could-impact-the-stablecoin-market.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) The U.S. Securities and Exchange Commission could be gearing up to take action against Paxos, a company that issues a type of cryptocurrency called stablecoin. The move will have major implications for the $137 billion market. Stablecoins are a [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-83948","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=83948"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83948\/revisions"}],"predecessor-version":[{"id":83949,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83948\/revisions\/83949"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=83948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=83948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=83948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}