New York Regulators Have Planted a Seed for Stablecoin Transparency

The NYDFS will broaden the amount of information available in attestation reports by requiring that stablecoin’s assets be reported not only in aggregate, but also by asset class. So a stablecoin issuer would have to list how much commercial paper it owns, its allocation to money-market mutual funds, its deposits, its bonds and its quantity of Treasurys. That is, separately, instead of lumping it all together.