The Central Bank of Bahrain (CBB) has introduced a regulatory module for Stablecoin Issuance and Offering (SIO), becoming the first comprehensive regulatory framework of its kind in the Gulf Cooperation Council (GCC) region. This framework only permits fiat-backed stablecoins, which can be pegged to the Bahraini Dinar, US Dollar, or other fiat currencies explicitly approved by the central bank. Algorithmic or commodity-backed stablecoins are prohibited. Issuers must obtain a central bank license and meet strict prudential standards, including maintaining reserves in high-quality liquid assets and undergoing regular external audits. (Financefeeds) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=48944