“Stablecoin rules, specifically, are set to be coordinated globally by way of the Monetary Stability Board (FSB) throughout the G20, additional constraining the utilization of unregulated stablecoins comparable to tether,” the report added.
Tether has come beneath stress to be extra clear about how its reserves are invested, and has been working towards publishing real-time information. Nonetheless, JPMorgan says the most recent disclosures by the stablecoin issuer usually are not sufficient to scale back issues.
