PANews reported on April 5th that the Corporate Finance Division of the U.S. Securities and Exchange Commission issued a statement on stablecoins, stating that according to current regulations, certain types of crypto assets (i.e., "Covered Stablecoins") are not considered securities. Individuals participating in the "minting" and exchange of stablecoins are not required to register these transactions with the Commission under the Securities Act, nor do they need to comply with any of the Act's registration exemption provisions. Covered Stablecoins are designed to maintain a stable value relative to the U.S. dollar or "USD" on a one-to-one basis, can be exchanged for dollars (i.e., one stablecoin for one dollar), and are backed by assets held in reserve, which are considered low-risk and highly liquid, with a U.S. dollar value equal to or exceeding the redemption value of circulating stablecoins. These stablecoins are primarily used for payments, transfers, and storage, not as investment tools, and their sale and trading do not involve securities law regulations.