FSB Flags Run Risk in Stablecoins Backed by Affiliated Issuers

What happened

12 that found “global stablecoins and national regulatory frameworks remain untested in severe stress and insolvency.” In a note to G20 finance chiefs, the FSB said cross-border rules for a stablecoin failure are unsettled and flagged extra risk in coins issued by affiliated companies in several countries.

The post FSB Flags Run Risk in Stablecoins Backed by Affiliated Issuers appeared first on Unchained . The Financial Stability Board (FSB), the Basel-based group of national financial authorities and standard setters, published a note on Oct.

The note, submitted to G20 finance ministers and central bank governors at the request of the U.S. G20 presidency, does not set new rules.