The U.S. Securities and Exchange Commission (SEC) this week added a new provision to its Broker-Dealer Financial Responsibility FAQ on its official website, allowing broker-dealers to include stablecoins in their regulatory capital calculations with only a 2% "haircut". Previously, the market generally applied a 100% haircut to stablecoins, meaning they could not be counted toward regulatory capital. Under the new guidance, institutions may recognize stablecoin holdings - including USDC issued by Circle and ...