Tag: United States Department of the Treasury
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Stablecoins and U.S. T-Bills: The Treasury Eyes a New Era of Digital Demand
In a quietly momentous shift, the U.S. Treasury Borrowing Advisory Committee (TBAC) has formally acknowledged the disruptive and potentially beneficial role of stablecoins in the broader financial ecosystem. Once viewed with skepticism, dollar-backed stablecoins are now being discussed as a “new payment mechanism” — and more importantly, as a significant and growing source of demand…
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U.S. offshore banking industry strikes back at FATCA IGAs
Diego S., a wealthy Latin American media executive, travels frequently on business between his home city in South America and New York City. He usually prefers to take a flight with a Miami stopover rather than one of the two daily NYC bound non-stops. The Miami stop is not about visiting relatives or even shopping,…