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Bank for International Settlements Warns: Rapid Expansion of Stablecoins Could Threaten Currency Sovereignty
Summary: In a recent announcement, the Bank for International Settlements (BIS) has warned that the rapid expansion of stablecoins is posing new policy challenges for financial regulatory authorities. The report notes that since 2023, the total value of the stablecoin market has doubled to around $255 billion, with over 90% concentrated in two USD-pegged tokens. BIS ...
In a recent announcement, the Bank for International Settlements (BIS) has warned that the rapid expansion of stablecoins is posing new policy challenges for financial regulatory authorities. The report notes that since 2023, the total value of the stablecoin market has doubled to around $255 billion, with over 90% concentrated in two USD-pegged tokens. BIS believes that the growth of stablecoins in circulation and their integration with traditional finance could threaten the currency sovereignty of major markets, necessitating stricter regulatory scrutiny.
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Link: Bank for International Settlements Warns: Rapid Expansion of Stablecoins Could Threaten Currency Sovereignty [Copy]
