[US Treasury to Impose Bank-Level Due Diligence Requirements on Stablecoin Issuers] According to Bloomingbit, the US Treasury Department is pushing for a plan to impose the same level of due diligence requirements on stablecoin issuers as banks. The core of the proposal is to require stablecoin issuers to undertake the same due diligence obligations as US banks, thereby tightening the verification standards for stablecoin issuers. Specific details, including the implementation timeline and the entities and activities covered, have not yet been disclosed.