Global Regulation of Stablecoins Loses Momentum, Prompting Calls for Cooperation to Mitigate Fragmentation Risks
Efforts to establish global standards for stablecoins have decelerated over the past year, sparking concerns among central bankers that regulatory gaps could lead to market fragmentation and increased risk. Bank of England Governor Andrew Bailey, who chairs the Financial Stability Board, noted that progress on international regulations has stalled. This development has raised concerns, with Bank …
April 20, 2026, 2:31 p.m.