ASIC is proposing to extend class relief for intermediaries engaging in the secondary distribution of a second stablecoin issued by an Australian financial services (licenced) issuer.  

The instrument would amend ASIC Corporations (Stablecoin Distribution Exemption) Instrument 2025/631 to add a second named stablecoin, and make some minor consequential and clarification changes.

Instrument 2025/631 exempts intermediaries from the requirement to hold separate AFS, Australian market, or Australian clearing and settlement facility licences when providing services related to stablecoins issued by an AFS licensee.

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Source ASIC