Stablecoin Market Faces Unanswered Questions on Crisis Readiness

The Financial Stability Board (FSB) has warned that the global stablecoin market could face significant liquidity and legal challenges during a financial crisis, particularly when issuers, reserve assets and token holders operate across different jurisdictions. In a report published October 12 , the international financial watchdog examined how disruptions involving widely used stablecoins could spread through financial markets and complicate efforts by national regulators to respond. The assessment was released ahead of the October 15 meeting of G20 finance ministers and central bank governors in Bangkok. The FSB does not forecast an imminent stablecoin collapse.