Permission For Treasury Bond-Backed Stablecoin Startup Seeks To SEC

A digital asset management startup located in Los Angels, Arca is seeking Securities and Exchange Commission (SEC) approval to sell a new type of stablecoin to retail investors. In its document: “It is therefore anticipated that the underlying portfolio, and the NAV of Arca UST Coins, will have relatively little volatility. Although holders of Arca UST Coins could experience greater NAV volatility compared to typical stablecoins, such volatility will be relatively limited.”

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