FSB warns global stablecoins remain untested in crisis
Complex cross-border regulatory structures have emerged, body says
The Financial Stability Board (FSB) has warned that global stablecoins and the regulatory frameworks underpinning them remain “untested” during times of severe stress and insolvency.
In a report published today (October 12), the FSB says stablecoin regulations across countries remain uncertain or undefined in many instances, and that this is contributing to the emergence of “complex, cross-border” structures. “A global stablecoin arrangement may be managed across multiple entities and regulatory
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