FSB flags stablecoin, AI risks ahead of G20

The FSB's decision to pair stablecoins with AI-driven cyber risk is notable: both are cross-border by nature and sit awkwardly within national supervisory perimeters, which is precisely the gap a global watchdog can name but not close. The call lands ahead of the G20, where political appetite for binding safeguards has historically lagged technical warnings. For crypto and RWA markets, the signal is that stablecoin oversight is being framed as systemic infrastructure rather than a niche payment question. Whether that framing converts into coordinated rules, or remains another round of guidance, is the open question.