"Global Stablecoins" became an international topic
In June 2019, the G20 asked the Financial Stability Board (FSB) to evaluate global stablecoins or “GSCs”. While these offer a significant improvement to the current financial services system they may also present a significant risk to financial stability if adopted at large-scale.
Today, the FSB released a consultative document surrounding this particular topic to address the regulatory, supervisory and oversight challenges presented by GSCs.
Global Stablecoin (GSC)
The FSB made it clear that it is necessary to have a precise definition to GSCs that are both backed by a fiat currency or a basket of assets (such as Libra,) which differentiates them from other crypto-assets, and have the ability to gain global reach, which not all stablecoins may have. They have also clarified that they are using this term not to denote it as a legal concept but rather to ensure consistency.
Potential Risks & Vulnerabilities
Financial stability may be threatened via the following channels according to the FSB:
- GSCs used as a store of value can have a significant impact on spending habits after a simple rebalancing that may fluctuate users’ wealth and hence impact economies
- GSCs widely used for payments may cause financial instability with any operational disruption
- Disruption in the GSC or the financial institutions exposed to them via reselling, custody or any other service can extend and cause global disruption
The FSB also tabulated the potential vulnerabilities GSCs may have as can be seen below.
[caption id="attachment_15581" align="aligncenter" width="1754"]
Source: FSB[/caption]
GSC Advancements
Only a few years ago did Tether create its USD-backed stablecoin “USDT” that became widely used in the niche cryptocurrency market. Since then we saw global corporations such as JPMorgan and Facebook, share interest in this line of business and their plans to venture in it. This spread caused central banks to worry about the sovereignty of their currencies and financial system which sent them on an accelerated pursuit to create CBDCs (Central Bank-issued Digital Currencies). On the other hand, global institutions such as the FSB are looking at this technological advancement and providing an analytical perspective to ensure the next steps are taken with precautions. Stablecoins seem to be becoming “too big to fail”.
100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Take your next step towards crypto success
$799/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
What’s included in Pro:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
