FSB Prioritizes Stablecoin Role Assessment in Payment Settlements

According to PANews, the Financial Stability Board (FSB), under the leadership of its new chairman, Andrew Bailey, who is also the Governor of the Bank of England, has prioritized evaluating the role of stablecoins in payment settlements. In a public letter to the G20, Bailey emphasized the need for the FSB to continue advancing stablecoin regulatory recommendations and enhancing cross-border regulatory cooperation ahead of the G20 summit. Since taking office in July, Bailey has highlighted the importance of these efforts. The FSB had previously introduced stablecoin regulatory rules in 2021 to mitigate potential impacts on the global economy source: https://www.binance.com/en/square/post/26975653509402?utm_source=BinanceNewsRSS