Definition ∞ A comprehensive regulatory and operational structure designed to manage stablecoins deemed to pose risks to the broader financial system due to their size, interconnectedness, or potential for disruption. Such a framework aims to ensure their stability and mitigate financial contagion.
Context ∞ International financial bodies and national regulators are actively developing systemic stablecoin frameworks. The objective is to prevent financial instability by subjecting large, widely used stablecoins to stricter oversight, capital requirements, and liquidity provisions.