Welcome to the Fintech and Blockchain Podcast, where we explore cutting-edge issues and emerging opportunities at the intersection of financial technology and digital assets.In this episode, we discuss the SEC staff’s evolving position on the security status of USD-backed stablecoins, a topic with major implications for issuers, platforms, and investors. We break down: What stablecoins are and why they matter; The key categories of stablecoins; Regulatory scrutiny and ongoing policy debates; Prudential oversight frameworks and international alignment; Challenges posed by decentralized finance (DeFi); Operational and systemic risks; and The legal and regulatory classification of stablecoins in the U.S. Joining us for this conversation are three leading voices from our global Fintech and Blockchain group: Dario de Martino, M&A partner in our New York office and lead of our global fintech and blockchain practice. Susan Gault-Brown, partner in Washington, D.C., whose practice focuses on advising U.S. and non-U.S. asset managers and financial entities on regulatory compliance and structuring, including work with exemptive regimes. Bill Satchell, of counsel in Washington, D.C., with nearly four decades of experience advising banks and financial institutions on complex regulatory issues. This is a deep and practical conversation on how regulators are approaching stablecoins, and where the regulatory landscape may be heading. Listen in for insights that matter to anyone navigating digital finance today.