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Bank for International Settlements warns: Rapid expansion of stablecoins may threaten monetary sovereignty
Odaily News The Bank for International Settlements (BIS) issued a notice warning that the rapid expansion of stablecoins is bringing new policy challenges to financial regulators. The report pointed out that since 2023, the total value of the stablecoin market has doubled to about US$255 billion, and more than 90% is concentrated in two dollar-pegged tokens. BIS believes that the growth of stablecoins in circulation and integration with traditional finance may threaten the monetary sovereignty of major markets and require stricter regulatory review. (Bloomberg)
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