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FSB Stablecoin Guidance Highlights Cross-Border Liquidity Risks
The board also pointed to operational risks and insolvency concerns that could raise complex legal questions for stablecoin operators and users.

The Financial Stability Board (FSB) highlighted liquidity mismatches, operational fragility and insolvency as risks tied to stablecoins in its guidance.
The guidance warned that stablecoins’ cross-border reach could intensify liquidity mismatches. It also pointed to operational risks and insolvency concerns, which could raise complex legal questions for stablecoin operators and users.
The FSB has also addressed cross-border planning for stablecoin reserve crises.