🚀 Switzerland's FINMA just dropped new rules to keep banks safe from stablecoin shenanigans! 🏦💰
1️⃣ FINMA says banks backing stablecoins could face reputational and legal risks if things go south.
2️⃣ Stablecoin issuers can dodge banking licenses by partnering with banks for default guarantees.
3️⃣ New guidelines ensure customers have claims against banks and full deposit coverage.
FINMA's got our backs, making DeFi and Web 3 safer! 🌐💪
Got thoughts on this? Drop your comments below! 👇 #DeFi #Web3 #CryptoNews