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SEC slashes stablecoin haircut from 100% to just 2%

SEC cuts payment stablecoin haircuts to 2%, boosting on‑chain settlement economics for broker‑dealers. Summary New SEC FAQ says staff “would not object” if broker‑dealers apply a 2% capital haircut to qualifying payment stablecoins, versus the prior de facto 100% deduction.​ The shift follows the GENIUS Act, aligning compliant stablecoins with conservative money market funds and…

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