G7 agrees on AI cyberattack drills, hands stablecoin file to FSB
- —G7 to hold tabletop drills on AI-driven cyberattacks on finance
- —Scenarios to be written by G7 finance ministries and central banks, no timeline set
- —Stablecoin file passed to the FSB rather than the G7
- —FSB: stablecoin market near $300bn, 99% backed by the dollar
Why it matters: A $300bn stablecoin market still lacks hard G7 rules, while the FSB has only begun work on oversight and issuer-failure risks.
Source: Journal du Coin