Stablecoin Default Guarantees Pose Risks to the Issuing Banks, Swiss Regulator Says

Switzerlands' financial markets supervisor proposed new requirements to help mitigate the risks arising from banks providing a default guarantee to stablecoin holders. In the event of irregularities at the stablecoin issuer, the bank providing the default guarantee may suffer reputational damage, the regulator said.

Stablecoin issuers operating in Switzerland create a

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