Stablecoin Boom Forces Basel Committee to Rethink Punishing Bank Rules

The explosive rise of stablecoins has triggered pressure from U.S. banks and regulators on the Basel Committee to reconsider its stringent capital requirements for crypto assets. Despite being marketed as lower-risk digital currencies, stablecoins remain subject to the same harsh regulatory treatment as volatile cryptocurrencies under current Basel rules. Erik Thedéen, chair of the Basel Committee on Banking Supervision, acknowledged in a Financial Times interview that the global framework needs recalibr ...