Includes stable coins too by the looks of it
A propos of this, reminder: on Jan 1, 2025, all the BIS member central banks of the world will be legally allowed to hold up to 2% of their reserves in crypto (basically BTC and probably ETH).
This is not speculation, but an official announcement by the Bank for International Settlments (BIS). From the horse's mouth: https://www.bis.org/bcbs/publ/d545.htm
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Discussion
Stablecoins and things like tokenized stocks and bonds are considered as "backed" and classified as "Group 1" cryptoassets by the BIS. As such, there are no limits to their exposure to these, as long as they satisfy a series of conditions.
The 2% limit (and "1% exposure" recommendation) applies to "Group 2" cryptoassets, which they say are "not backed" by anything, and include BTC.