This report draws on a GFTN/Ripple Policy Summit roundtable at Point Zero Forum, building on GDF’s Global Stablecoin Regulatory Playbook, to examine the gap between well-understood stablecoin regulatory principles and their inconsistent, jurisdiction-bound implementation.
It covers:
(1) the need for a shared taxonomy and classification of stablecoins by risk profile rather than label.
(2) the core building blocks of credible domestic frameworks — reserve composition, redemption rights, and proportionate financial-stability requirements.
(3) two competing models for scaling stablecoins across borders — multi-issuance (unified token, multiple local issuers) versus equivalence/recognition regimes (home-jurisdiction oversight extended abroad) — with examples from the EU, UK, Singapore, and UAE.
(4) three near-term priorities for closing the gap: FSB-aligned gap analyses, presumptive equivalence built on existing bilateral cooperation, and supervisory colleges that assess issuer networks collectively. The report concludes that the regulatory tools already exist and what’s needed now is deliberate adoption, jurisdiction by jurisdiction.
Date: September 2026
Publisher: GFTN, in collaboration with GDF, Ripple, and the Point Zero Forum