Global Regulation of Stablecoins Slows Down, Prompting Calls for Cooperation to Mitigate Fragmentation Risks
The development of international standards for stablecoins has experienced a significant slowdown over the past year, raising concerns among central bankers about the potential for market fragmentation and increased risk. Bank of England Governor Andrew Bailey, who chairs the Financial Stability Board, has stated that progress on global rules has stalled, as reported by Reuters. This has prompted…
April 20, 2026, 2:31 p.m.