Global Regulation of Stablecoins Slows, Prompting Calls for Cooperation to Mitigate Fragmentation Risks
The development of global standards for stablecoins has 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 rules has stalled. This has raised concerns, with Bank for International Set…
April 20, 2026, 2:31 p.m.