Sector Regulation Sector Regulation

Stablecoin issuers should get stress tests, ECB says

By Jack Schickler
  • 23 Feb 2021 05:34
  • 23 Feb 2021 05:34
Stablecoin issuers, such as the Facebook-backed Diem, should be forced to invest in diverse assets and be tested for their ability to face economic shocks, the European Central Bank said in a document published yesterday. 

Supervisors should have the power to check whether large-scale virtual currencies can handle sharp moves in interest rates, or major

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