Noting that global stablecoins, such as Libra, could change the FSB's existing assessment that crypto-assets do not present a material risk to financial stability, the FSB intends to examine existing supervisory and regulatory approaches in the area, focusing on any cross-border issues. The FSB will use that information to consider whether regulatory changes are necessary to address any risk concerns that a single stablecoin or stablecoins as an ecosystem may raise. Following that, the FSB will advise on any multilateral responses that may be needed to mitigate against a risk to financial stability. The FSB will publish an advisory report in April 2020 and the final report to the G20 ministers in July 2020.
View the FSB's report on stablecoins.
View details of the G7 Working Group Report on the impact of stablecoins.
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