Central Banking

CPMI and Iosco say systemic stablecoins must meet FMI principles

Bank for International Settlements, Basel
Bank for International Settlements, Basel
Photo: BIS

Systemically important stablecoins should meet the same principles as other major providers of financial market infrastructure, a new report concludes.

Stablecoins’ “transfer function” is comparable to other types of FMI, say the Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions. Major stablecoins should therefore be expected to comply with the Principles for financial market infrastructures, the bodies say in the document.


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