The Financial Stability Oversight Council (FSOC) raised concerns that stablecoins pose a mounting risk to financial stability due to inadequate oversight and significant market concentration, according to its 2024 annual report. The report called for urgent legislative action to create a comprehensive federal framework for stablecoin issuers to mitigate risks tied to their rapid growth […]
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FSOC warns stablecoins pose stability risks, calls for legislative action to enhance oversight