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Stablecoin standards must match the clearing and settlement sectors, regulators say
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Stablecoins should be subject to the same standards as the clearing and settlement sectors, according to leading international regulators.
A report from The Bank for International Settlements and The International Organization of Securities Commissions noted that the most common use cases for stablecoins — cryptoassets pegged to fiat currencies — was to bridge digital assets and commercial money, so stablecoins fit the definition of “systemically important financial market infrastructure”.
“Recent...
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