“Should a mismatch occur between a stablecoin issuer’s liabilities (the coins in circulation) and the assets backing that stablecoin, this could undermine confidence in the ability of the issuer to offer redemption at par and prompt a ‘run,’ ie a sudden loss of belief in the stablecoin’s value,” the report said.
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- Source: https://www.coindesk.com/policy/2024/07/31/stablecoin-balance-sheets-can-be-supervised-bis-and-uk-central-bank-project-claims/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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