Global financial watchdog calls for cross-border information sharing, planning for stablecoin crisis
Coins jointly issued by multiple companies can trap reserves in one jurisdiction while redemption demands hit another, complicating cross-border crisis response.
Make preferred on
Condividi questo articolo
Riepilogo
- The FSB warned global stablecoins and national rules remain untested in severe market crises, risking redemption and reserve delays.
- The watchdog called for more cross-border information sharing, monitoring and planning for distress or failure in the fiat-pegged tokens.
- Multi-issuer models can trap reserves in one jurisdiction while redemption demands hit another, complicating cross-border crisis response, while 24/7 trading and pseudonymous transactions increase systemic shock risks, it said.
