The Global Stablecoin working group serves as a focused initiative under the GDF Policy & Regulatory Programs and is for members by invitation only. It aims to address regulatory fragmentation and promote harmonization of global stablecoin frameworks to support cross-border interoperability, innovation, and financial stability.
The objectives of the working group are to:
- Convene stablecoin issuers and relevant stakeholders to create unified positions on key policy challenges;
- Harmonize regulatory approaches for stablecoins across key jurisdictions;
- Work with the public sector to establish mutual recognition and regulatory equivalence between key jurisdictions on either a bi-lateral or multi-lateral basis.
At the start of 2026 the working group published the Global Stablecoin Regulatory Playbook which outlines key principles across ten core areas, including legal classification and taxonomy, reserve asset composition, custody and segregation, disclosures and attestations, prudential and operational resilience, redemption models, AML/CFT compliance, treatment of rewards and yield, and approaches to cross-border recognition and reciprocity. It places particular emphasis on proportionality, functional equivalence, and the role of home-host supervisory cooperation in enabling scalable and trusted global stablecoin networks.