Australia’s financial regulator ASIC has announced major updates to the rules governing stablecoins and wrapped tokens, aiming to reduce business costs and support innovation across the digital-asset sector. Intermediaries will no longer need separate licenses to distribute selected digital assets and will now be able to use omnibus accounts — shared client accounts that streamline record-keeping and reduce administrative burden.

Regulator aims to support innovation and growth

ASIC confirmed it is granting class relief to entities involved in secondary distribution of selected stablecoins and wrapped tokens. In practice, this ends the requirement to obtain costly and time-consuming licenses in cases where firms only act as intermediaries.

The regulator also formally approved the use of omnibus accounts, a common structure in the digital-asset industry. According to ASIC, these accounts improve speed, reduce transaction costs, and enhance risk management and cybersecurity.

The change expands previous relief for stablecoins and creates a more level playing field for both large and small market participants. It marks a meaningful boost for an industry that has long awaited broader digital-asset regulatory reform.

Stablecoins are booming globally, market surpasses 300 billion dollars

The regulatory easing comes as the global market for stablecoins accelerates. Data from RWA.xyz shows total market capitalization has surpassed 300 billion dollars — the highest level in history.

Since the start of the year, the market has grown 48 %, with Tether maintaining its position as the clear leader at 63 % market share.

What it means for the crypto market

Australia’s move could strengthen its position as a hub for digital finance while sending a message to regulators worldwide: innovation can coexist with strong investor protection. For companies working with stablecoins and wrapped tokens, the shift represents a substantial reduction in costs and barriers to entry.

For everyday users, it may gradually lead to more accessible, faster, and cheaper services related to digital payments and transfers.

Sources:

https://www.asic.gov.au/about-asic/news-centre/news-items/asic-finalises-new-exemptions-to-support-digital-asset-innovation/

https://app.rwa.xyz/stablecoins

https://cointelegraph.com/news/australian-regulator-eases-rules-stablecoins-wrapped-tokens