Global Financial Regulators Call for Cross-Border Information Sharing, Planning for Stablecoin Crisis

Techub News reports that global financial regulators have released a report calling for enhanced cross-border information sharing and the development of response plans for stablecoin crises. The report states that multi-issuer structures carry higher risks: affiliated companies can issue the same stablecoin and share responsibilities, while placing reserve assets in different jurisdictions. If holders can redeem from any issuer within the group, redemption demands may concentrate on a single entity. (CoinDesk)