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Morning Edition · Tuesday, October 13, 2026Published at 1:42 AM EDT · New York
Financial Stability Board Warns Fully Reserved Stablecoins Can Still Face Runs When Reserves Sit in the Wrong Country
The report goes to G20 officials on October 15, as Standard Chartered begins holding Ripple's RLUSD for clients in Dubai and total stablecoin supply reaches $312.9 billion.
The Financial Stability Board (FSB), the body that coordinates financial regulation for the G20, warned in an October 12 report that stablecoins can face redemption runs even when they are fully reserved. The risk comes from issuers that op…
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Race to Bank and Distribute Stablecoin Reserves
Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.
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