⚠️ The Financial Stability Board (FSB) has warned that the $300 billion stablecoin market could face a mass exodus. $OGN $BAT
This is more than a traditional banking-style warning: it reflects fears of a “money in one place, laws in another” situation that could leave countries unable to coordinate quickly enough to put out the fire.
Because 99% of the stablecoin market is pegged to the U.S. dollar, the FSB now formally classifies stablecoin failures as a global systemic threat rather than an isolated crypto problem.
The watchdog is aggressively pushing the G20 to establish mature arrangements for joint monitoring, crisis management, and cross-border information sharing before a systemic collapse occurs.
This is more than a traditional banking-style warning: it reflects fears of a “money in one place, laws in another” situation that could leave countries unable to coordinate quickly enough to put out the fire.
Because 99% of the stablecoin market is pegged to the U.S. dollar, the FSB now formally classifies stablecoin failures as a global systemic threat rather than an isolated crypto problem.
The watchdog is aggressively pushing the G20 to establish mature arrangements for joint monitoring, crisis management, and cross-border information sharing before a systemic collapse occurs.