On the 12th, the Financial Stability Board (FSB) published a report titled "Global Stablecoins (GSC): Cross-Border Vulnerabilities and Financial Stability Monitoring." The report analyzes stablecoins used across multiple jurisdictions from the perspective of financial stability monitoring.
The FSB positions global stablecoins as potentially significant to the financial systems in multiple jurisdictions. It emphasizes that a single country's response may not be sufficient to address vulnerabilities...