The Basel Committee proposed to revise the standards to provide preferential risk treatment for stablecoins

ChainCatcher news, according to CoinDesk, in a consultation document released on Thursday, the Basel Committee on Banking Supervision (BCBS) proposed to revise standards to allow stablecoins to be considered as lower risk than unsecured cryptocurrencies like Bitcoin.

So far, the BCBS has taken a tough stance on cryptocurrencies, suggesting a maximum risk weight of 1250% for freely floating digital assets like Bitcoin, meaning banks must issue capital to match their risk exposure. Banks are also not allowed to allocate more than 2% of their core capital to these higher-risk assets. The BCBS stated in a statement that it would not make any changes to these standards.