PANews reported on July 12 that according to Bloomberg, the Bank for International Settlements (BIS) warned that the rapid expansion of stablecoins (digital tokens typically pegged to fiat currencies) is presenting new policy challenges for financial authorities and potentially threatening monetary sovereignty in major markets. The BIS stated in an announcement that the growing circulation of stablecoins and their integration with traditional finance require stricter regulatory scrutiny. The announcement noted that since 2023, the overall market value of stablecoins has doubled to approximately $255 billion, with over 90% concentrated in two tokens pegged to the US dollar.
Bank for International Settlements: Rapid expansion of stablecoins poses new policy challenges to regulators
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