The Federal Deposit Insurance Corporation (FDIC) has released a report titled "Risk Assessment," which focuses on the unique risks that cryptocurrency poses to the stability of the United States' financial system. The report raises concerns about the dynamic nature of digital assets, citing fraud, legal uncertainty, and immature risk management practices as areas of opacity. The FDIC emphasizes the need for a better understanding of these risks as interest in cryptocurrency continues to grow.

Liquidity risks associated with unpredictable deposit inflows and outflows and the potential instability of stablecoins are among the key concerns highlighted in the report. The FDIC urges cautious action and effective risk management in cryptocurrency-related activities, aligning with a joint statement released with the Office of the Comptroller of the Currency (OCC) earlier this year.