Odaily News The SEC issued new rules, clearly defining "compliant stablecoins" as stablecoins that are fully backed by fiat currency reserves or short-term low-risk assets and can be redeemed 1:1 for US dollars, and exempting them from transaction reporting obligations. This definition does not apply to algorithmic stablecoins. Issuers of compliant stablecoins are not allowed to mix reserve assets, provide returns or use them for investment. (Cointelegraph)