In a consultative document published Thursday, the global banking regulator proposed 11 standards for stablecoins, cryptocurrencies whose value is supposed to be pegged to a specific asset such as the dollar, euro or gold. To qualify for so-called Group 1b consideration, stablecoin reserve assets have to meet a range of criteria including having a short-term maturity, high credit quality and low volatility. The consultation runs until March 28.
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