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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 theyowned digital assets. Combined, their total exposure to crypto is estimated to be €9.4 billion ($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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