Stablecoin Boom Might Spur Review of Rules, Basel Chair Says (1)

The rapid growth of stablecoins might prompt global policymakers to re-evaluate new bank capital standards for crypto assets, according to the chair of the Basel Committee on Banking Supervision.

“The talk of the town is stablecoins,” Erik Thedéen, who’s also governor of Sweden’s Riksbank, said Wednesday at a conference in Washington.

But in 2022, when policymakers drew up new crypto capital rules, they were “not the focal point,” he said. “That’s one reason why we might need to discuss and evaluate.”

The measures, originally due to be implemented next year, set the charges for banks’ holdings of most ...