SIO-6.1.2
Stablecoin issuers must ensure that the reserve assets held are:
(a) denominated in the same reference currency i.e. the fiat currency that the approved stablecoin purports to represent (except for Bahraini Dinar denominated stablecoin (see Paragraph SIO-6.1.8));
(b) sufficient in value to back each one of the approved stablecoins issued;
(c) stable in value; and
(d) sufficiently liquid to meet the permanent right of redemption of the clients.
Added: July 2025