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The study found that banks mostly held volatile cryptocurrencies and had little exposure to stablecoins.
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According to a new study published by the Basel Committee on Banking Supervision — a supranational organization responsible for setting the standards on bank capital, liquidity and funding — 19 out of 182 global banks supervised by the committee reported that they owned digital assets. Combined, their total exposure to crypto is estimated to be 9.4 billion euros ($9.38 billion).
In context, this represents 0.14% of the total risk-weighted asset composition of the 19 crypto-owning banks surveyed. When taken into account overall, cryptocurrencies only comprise about 0.01% of the total risk-weighted assets of all 182 banks under the Basel Committee’s supervision. Two banks made up more than half of the
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