BIS/IOSCO: Application of the principles for financial market infrastructures to stablecoin arrangements
The guidance highlights that the transfer function of an stablecoin arrangement is comparable to the transfer function performed by other types of financial market infrastructure. The guidance discusses governance; the framework for the comprehensive management of risks; settlement finality; and money settlements. The guidance also provides information intended to assist authorities in determining whether a stablecoin arrangement is systemically important.
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