Stablecoins sound stable. Where is the money?
Story summary
Putting ‘stable’ in a name does not automatically put your mind at ease. What matters is which assets back the token, who holds them and how holders get their money back if something goes wrong.
Releases linked to this story
A linked official release date has not yet been confirmed.
The questions below explain what to check in the next available evidence.
Questions for the next release 3
How do reserve, capital and redemption standards change after comments?
When to check
When Federal Register materials and final rules are published- Comparison evidence
- Compare the same items in the official sources linked here with subsequent releases.
- What would change the assessment
- If the final rules differ substantially from the proposals or firms do not apply, the proposals may have only a limited effect on actual payment structures.
Follow-up evidence not reviewed · Outcome not assessed
How are custody and operating-risk standards reflected in supervision?
When to check
When relevant supervisory and regulatory documents are published- Comparison evidence
- Compare the same items in the official sources linked here with subsequent releases.
- What would change the assessment
- If the final rules differ substantially from the proposals or firms do not apply, the proposals may have only a limited effect on actual payment structures.
Follow-up evidence not reviewed · Outcome not assessed
What do the business plans and financial requirements in the first approvals cover?
When to check
When relevant application decisions are published- Comparison evidence
- Compare the same items in the official sources linked here with subsequent releases.
- What would change the assessment
- If the final rules differ substantially from the proposals or firms do not apply, the proposals may have only a limited effect on actual payment structures.
Follow-up evidence not reviewed · Outcome not assessed