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.
Providing feedback
ASIC welcomes feedback from industry on the draft instrument by 5pm on Thursday 2 October 2025 AEST. Submissions should be sent to fintech@asic.gov.au.
Download
Draft ASIC Corporations (Amendment) Instrument 2025/XXX (PDF 243 KB)
Background
On 18 September 2025, ASIC granted first-of-its-kind class relief for intermediaries engaging in the secondary distribution of a stablecoin issued by an AFS licensed issuer.
ASIC advised at the time that as and when more issuers of eligible stablecoins obtain an AFS licence, it will consider extending the same relief to intermediaries distributing those stablecoins.
