BOK Why are these rules being considered?

[lingriiddd]

Policymakers aim to:

Protect users from unstable or under-backed stablecoins

Limit profits from seigniorage-like mechanisms

Reduce systemic risks if stablecoins become widely used in transactions

[Nahid10]

Stablecoin rules are focused on safety—protecting users from weak backing and limiting risky profits.

[kelson10]

Policymakers clearly want to cut systemic risks before stablecoins go fully mainstream.