FSB: Stablecoin market hits $300B, but cross-border redemptions remain fragile
- —FSB pegs the stablecoin market at $300 billion, 99% dollar-linked
- —Reserves held across jurisdictions may not move fast enough for redemptions
- —Insolvency risk: unclear which country's law applies to an issuer
- —24/7 token trading clashes with traditional market hours and settlement
Why it matters: The findings give regulators fresh grounds to tighten stablecoin oversight and cross-border data sharing, potentially affecting major issuers like Tether and Circle.
Source: TokenPost
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