PANews reported on October 31st, citing Bloomberg, that the Basel Committee, the global banking regulator, is reassessing capital rules for banks' crypto assets due to the accelerated development of stablecoins. The US advocates for revisions, arguing that the current standards impose the same 1250% risk weight on "permissionless" stablecoins like USDC and USDT as on Bitcoin, which is too high. The ECB prefers to implement the current rules first and then review them. The EU has already allowed stablecoins to be treated with equivalent capital as their reserve assets. The UK will announce its stablecoin regulatory plan this month; Singapore has postponed implementation by one year; Hong Kong plans to launch stablecoins in 2026 and lower the requirements for licensed stablecoins. The Basel Committee has already postponed the overall implementation by one year.