The SEC has made a significant announcement regarding stablecoins such as USDT and USDC, declaring that these cryptocurrencies do not classify as securities. This decision means that parties interested in creating or redeeming these stablecoins are not required to register with the SEC, providing more flexibility and convenience for their operations.

The agency further clarified that there is no obligation to notify the SEC for minting or redeeming these 'covered' stablecoins, streamlining the process for those involved in their creation and redemption.