UPDATED: April 4, 2025, 3:57PM EDT Quick Take The U.S. Securities and Exchange Commission said “covered” U.S. dollar stablecoins — basically USDT and USDC — are not securities and persons involved in the process of “minting” and redeeming them are not required to register the transactions with the commision. According to the SEC, covered stablecoins “maintain a stable value relative to the United States Dollar” and are backed by reserves, as is the practice with both Tether and Circle, the world...