Former BIS President Softens Stance on Stablecoins, Supports Coexistence of Stablecoins and Fiat Currencies
Odaily reported that former Bank for International Settlements President Agustín Carstens stated at the Point Zero Forum that stablecoins can promote financial innovation and inclusion while reducing costs.
He pointed out that efforts should be made to create conditions for the coexistence of fiat currencies and stablecoins. If we hope to establish a global system for stablecoins to interact with global currencies, this must be a global cooperative effort. Improved regulation and a level playing field for issuers can help stablecoins to thrive in a dramatic way. (cointelegraph)
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