Layer2Geek
Mexico's central bank raised fresh concerns about stablecoins in their latest assessment, highlighting a trio of structural vulnerabilities that could threaten financial stability. The primary concern centers on stablecoins' dependency on short-term US Treasury holdings—a concentration risk that becomes acute during market stress. Beyond that, the heavy centralization of stablecoin issuance among a handful of major players creates systemic exposure. Equally problematic is the current patchwork of global regulations, which allows stablecoin providers to exploit regulatory arbitrage across juris