From the article: >“They shouldn’t be like casino chips,” Mnuchin said Thursday at the Bloomberg Invest Global virtual conference. “If you are going to issue a

From the article: >“They shouldn’t be like casino chips,” Mnuchin said Thursday at the Bloomberg Invest Global virtual conference. “If you are going to issue a stablecoin, the actual money should go be held in a regulated bank, in a trust account and the people who hold the stablecoins should be able to exchange those for real dollars at any time.” [...] “Stablecoins should be invested in U.S. Treasuries or things that look like U.S. Treasuries -- money-markets of highly liquid, backed investments,” said Mnuchin.