# 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.

- Published: 2026-10-13T05:42:08.752Z
- Canonical: https://polylog.news/crypto/2026-10-13/financial-stability-board-warns-fully-reserved-stablecoins-c
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CryptoSlate (FSB)](https://cryptoslate.com/global-watchdog-warns-the-300-billion-stablecoin-market-could-face-bank-runs-even-with-full-reserves/), [CoinDesk (FSB)](https://www.coindesk.com/policy/2026/10/12/global-financial-watchdog-calls-for-cross-border-information-sharing-planning-for-stablecoin-crisis), [CoinDesk (Standard Chartered)](https://www.coindesk.com/business/2026/10/12/standard-chartered-offers-rlusd-custody-in-dubai-and-plans-lmax-collateral-link), [CryptoSlate (RLUSD)](https://cryptoslate.com/standard-chartered-brings-ripples-rlusd-into-banking-custody-after-765-million-quarterly-surge/), [Polylog editors](https://polylog.news)

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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