The evaluation of the role of Stablecoins for payments and settlements will be a priority for the Financial Stability Council (FSB)Andrew Billy, He was recently appointed The head of the FSB and the ruler of the Bank of England said in Message to G20 on Monday.
Billy, who started his role as president in July, said that FSB must continue to implement the agreed Stablecoins recommendations and monitor developments in this field through the judicial states, before the G20 meeting that begins on Thursday.
FSB, in 2021, I suggested that Stablecoins monitor in order to prevent them from disrupting the world economy After asking. The body, which enhances global financial stability last year, said it will conduct more work on Stablecoins challenges in emerging and developing economiesWhich has higher levels of adoption.
Billy also recently warned of global investment banks The development of their Stablecoins in an interview with the Times. He said that Stablecoins can weaken credit and control of monetary policy.
Stablecoins is increasingly priority for organizers all over the world, as the US Senate passed Stableco Bill genius The Stabelcoin market is pushing to its highest new levels.
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