For assets that, instead, seek to maintain a stable value over time (known as ‘stablecoins’) and that, 3/7  BIS central bankers' speeches  given their characteristics, could be used to make payments, we are contributing to the discussions on defining a European regulatory framework that envisages, among other things, redemption rights and rules for ensuring the issuer’s ability to satisfy requests for reimbursement without having to make sudden sales of securities.
We have also contributed to defining the ten recommendations on these assets adopted by the Financial Stability Board (FSB) and recognized by the Group of Seven (G7) regarding the regulatory and supervisory implications.