The report recommends urgent actions in several domains:

– Legislation – to address prudential risks, Stablecoins ought to be under appropriate federal supervision and oversight

– User protection and run risk

– Payment systems risk

– Systemic risk and interconnectivity issues

The report highlights in particular the “Illicit Finance Risk”: fraud risk, AML/CFT, tax (IRS) risk

 

The report can be found here: https://home.treasury.gov/system/files/136/StableCoinReport_Nov1_508.pdf