Coins jointly issued by multiple companies can trap reserves in one jurisdiction while redemption demands hit another, complicating cross-border crisis response. The FSB warned global stablecoins and national rules remain untested in severe market crises, risking redemption and reserve delays. The watchdog called for more cross-border information sharing, monitoring and planning for distress or failure in the fiat-pegged tokens. Multi-issuer models can trap reserves in one jurisdiction while re…
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