Global Rulemaking for Stablecoins Loses Momentum, Prompting Calls for Cooperation to Mitigate Fragmentation Risks
The development of global standards for stablecoins has experienced a significant slowdown 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, as reported by Reuters. This has r…
April 20, 2026, 2:31 p.m.