The Basel Committee on Banking Supervision has proposed 11 regulatory standards for stablecoins

ChainCatcher news, according to CoinDesk, the Basel Committee on Banking Supervision (BCBS) has proposed enhanced regulatory standards for stablecoins.

The consultation document released by BCBS outlines 11 standards for stablecoins, which are cryptocurrencies typically pegged to specific assets such as the US dollar, euro, or gold. To meet the so-called Group 1b considerations, the reserve assets of stablecoins must satisfy a series of criteria, including short-term maturity, high credit quality, and low volatility.

Currently, stablecoins must be "redeemable at any time" to qualify for this favorable regulatory treatment, ensuring that "only stablecoins issued by regulated entities with strong redemption rights and governance are eligible." Stablecoins that do not meet the Basel Committee's criteria will be classified into Group 2 and subject to "newly heightened conservative capital treatment." The consultation will remain open until March 28.