[US Treasury to Require Stablecoin Issuers to Undertake Counterparty Due Diligence at the Same Level as Banks] Odaily reports that the US Treasury Department is pushing for a plan to require stablecoin issuers to undertake counterparty due diligence obligations at the same level as US banks, in order to tighten verification standards for stablecoin issuers. The implementation timeline and the scope of entities and activities covered by the proposal have not yet been disclosed.