The U.S. Department of the Treasury's August 2026 proposed rule recognizes statutory exemptions for certain direct transfers between individuals and transactions using self-custody wallets.

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Laws and rules for fiat-pegged tokens, from the US GENIUS Act to Europe's MiCA, covering reserves, licensing and yield restrictions.