Global Regulation of Stablecoins Slows, Prompting Calls for Cooperation to Mitigate Fragmentation Risks
The development of global standards for stablecoins has experienced a slowdown over the past year, prompting concerns among central bankers that inadequate oversight 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 rules has stalled. This development has raised concerns, wi…
April 20, 2026, 2:31 p.m.