The Board of the International Organization of Securities Commissions says it has today published a report identifying the possible implications of global stablecoin initiatives for securities markets regulators.

The report - Global Stablecoin Initiatives - examines the regulatory issues arising from the use of global stablecoins and explores how existing IOSCO principles and standards could apply to these arrangements.

IOSCO says its fintech network prepared the report as part of an effort to evaluate global stablecoin proposals from a securities market regulator´s perspective.

The report finds that, depending on its structure, a global stablecoin may fall within securities market regulatory frameworks. Whether IOSCO Principles and Standards are relevant to stablecoins depends on the specific design of each initiative and its legal and regulatory characteristics and features.

IOSCO says the report describes a hypothetical case study that is based on a hypothetical stablecoin used for domestic and cross-border payments. The hypothetical coin uses a reserve fund and intermediaries to try to achieve a stable price vis-a-vis a basket of low volatility currencies.

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The Board of the International Organization of Securities Commissions says it has today published a report identifying the possible implications of global stablecoin initiatives for securities markets regulators.

The report - Global Stablecoin Initiatives - examines the regulatory issues arising from the use of global stablecoins and explores how existing IOSCO principles and standards could apply to these arrangements.

IOSCO says its fintech network prepared the report as part of an effort to evaluate global stablecoin proposals from a securities market regulator´s perspective.

The report finds that, depending on its structure, a global stablecoin may fall within securities market regulatory frameworks. Whether IOSCO Principles and Standards are relevant to stablecoins depends on the specific design of each initiative and its legal and regulatory characteristics and features.

IOSCO says the report describes a hypothetical case study that is based on a hypothetical stablecoin used for domestic and cross-border payments. The hypothetical coin uses a reserve fund and intermediaries to try to achieve a stable price vis-a-vis a basket of low volatility currencies.