An Annual ReportPublication by Friday’s United States Financial Stability Oversight Council. Digital assets such as stablecoins or other digital currencies.

Concerning stablecoins the FSOC stated that factors like illiquidity and lack of adequate safeguards could undermine consumer confidence, as well as opacity about redemption rights and cyberattacks. According to the report, a crash in stablecoins could increase the shock potential for the economy or the financial system during difficult market conditions.