FSB tells G20 it tracks $300B stablecoin market mostly via private data
- —Stablecoin market cap stands at $300B, nearly unchanged over the year, 99% dollar-pegged
- —Authorities rely mainly on private compilers with differing methodologies
- —Issuers may not know who holds their liabilities, where, or where redemptions will hit
- —FSB proposes common metrics, cross-border cooperation and industry data practices
Why it matters: The admission that supervisors depend on private dashboards means stablecoin stress could be spotted late, a systemic risk for the broader market.
Source: Journal du Coin