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Global stablecoin arrangements should observe international standards, authorities say

( July 13, 2022, 04:00 GMT | Official Statement) -- MLex Summary: Global standard-setters issued joint final guidance saying stablecoin arrangements should observe international standards for payment, clearing and settlement systems. The standard-setters are the International Organization of Securities Commissions and the Committee on Payments and Market Infrastructures, a Bank for International Settlements unit. Stablecoins are cryptocurrencies pegged to the value of currencies such as the dollar and backed by reserves that are supposed to be, but are not always, high-quality liquid assets.See document below. ...

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