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The FSB ruled that crypto market data reporting requires global standards to allow for adequate risk assessment. A new research on the financial stability risks linked with cryptocurrencies has been released by the Financial Stability Board (FSB), a worldwide financial institution funded by the Bank for International Settlements.

The 30-page report, which was released on Wednesday, covers a variety of financial hazards associated with various types of cryptocurrencies as well as business sectors, including private digital assets such as Bitcoin (BTC), stablecoins such as Tether (USDT), and decentralized finance (DeFi). The paper mentions numerous commonly highlighted dangers, such as the probable failure of stablecoins, which poses a serious threat to the overall crypto ecosystem's stability due to stablecoins' dominant trade volumes.

Source:
https://cointelegraph.com/news/fsb-wants-more-data-to-measure-risks-of-bitcoin-stablecoins-defi