Erik Thedéen, Chair of the Basel Committee on Banking Supervision, indicated that the rapid expansion of stablecoins could lead to a reevaluation of bank capital standards for crypto assets. Speaking on Wednesday, Thedéen noted that while stablecoins were not a primary focus during the formulation of new crypto asset capital rules in 2022, their current prominence necessitates further discussion. Any potential changes to the standards will undergo a comprehensive review process involving discussions with member states, some of which have already begun implementing the existing measures. These measures, set for implementation next year, would impose similar capital charges on banks holding stablecoins as those for riskier cryptocurrencies like Bitcoin.