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  • Significant Stablecoin Arrangement

    • SIO-8.2.2

      The CBB may classify an approved stablecoin as significant stablecoin where the CBB determines that any disruption to the approved stablecoin arrangement could lead to further disruption to its users, cause systemic disruption to the financial system of Bahrain or affect public confidence in the financial system of Bahrain. The CBB will consider all factors relevant to the stablecoin issuer, including but not limited to:

      (a) the number and type of clients holding the approved stablecoins;
      (b) the number, value and type of transactions processed;
      (c) value of the approved stablecoin in circulation;
      (d) value of the reserve assets maintained by the stablecoin issuer;
      (e) markets served and market share of the approved stablecoin;
      (f) the interconnectedness and interdependencies of the approved stablecoin or the stablecoin issuer with other financial institutions; and
      (g) the business, structural and operational complexity of the stablecoin issuer.
      Added: July 2025