🚀 Switzerland's FINMA is stepping up the game! The financial markets supervisor has proposed new rules to mitigate risks for banks offering default guarantees to stablecoin holders. 🏦

In case of any hiccups with the stablecoin issuer, the banks could face reputational and legal risks. FINMA's guidance aims to protect both the banks and the customers by ensuring full coverage of deposits and interest.

Stablecoin issuers have been under scrutiny for years, with giants like Tether and Circle publishing their reserves to build trust. What are your thoughts on FINMA's new requirements? Let's discuss! 💬 #Crypto #Blockchain #Stablecoins