A SIMPLE KEY FOR STABLECOIN USE CASES UNVEILED

The HKMA expects for FRS end users to have the proper to redeem their FRS at par worth While using the FRS issuer to possess a claim over the reserve belongings (or even the issuer if the issuer is unable to fulfill redemption obligations). IDI subsidiaries. The AFBA that authorized an IDI subsidiary’s application to difficulty payment stablecoi

dependant upon the structural features of stablecoins, regulatory approaches akin to MMFs and e-funds could implement. If a stablecoin is denominated in a financial unit of account and is also redeemable into funds upon desire, it must be entirely backed by correctly Secure and liquid assets. When the issuer Plainly pledges redeemability inside of