The FSB issued a stark warning
Global stablecoins total around $300 billion, and 99% are pegged to the dollar.
The Financial Stability Board just released a report. Contingency plans for cross-border runs have barely been tested.
When reserves are in Country A and a wave of redemptions hits Country B, the money could get stuck.
Put simply, fully backed reserves don’t mean you can always redeem at any time.
I’ll treat this as a risk warning, not a reason to go short today.
#FSB警告3000亿美元稳定币或面临挤兑 $BTC
Global stablecoins total around $300 billion, and 99% are pegged to the dollar.
The Financial Stability Board just released a report. Contingency plans for cross-border runs have barely been tested.
When reserves are in Country A and a wave of redemptions hits Country B, the money could get stuck.
Put simply, fully backed reserves don’t mean you can always redeem at any time.
I’ll treat this as a risk warning, not a reason to go short today.
#FSB警告3000亿美元稳定币或面临挤兑 $BTC