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BIS only allows issuance type stablecoins, USDT and USDC are at risk.

On July 17, the Basel Committee on Banking Supervision of Bank for International Settlements (BIS) released the final disclosure report on the risk exposure of banks’ encryption assets. Reporting requires banks to disclose their encryption-related activities and qualitative and quantitative reports required by Liquidity in order to remain stable. In addition, the report tightens the standards for permissionless Stable Coins, and as a result, all Stable Coins such as USDT and USDC in permissionless blockon-chainissuance are in danger of being heavily regulated. It has also tightened the criteria for certain Stable Coins that will receive preferential “Class 1b” regulatory treatment.

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