Former BIS chief softens stance on stablecoins, backs coexistence with fiat
CoinTelegraph·
60-second summary
Former BIS general manager Agustín Carstens is softening his stance on stablecoins, now seeing them as a potential tool for enhancing financial inclusion and innovation, alongside traditional fiat money. He emphasizes the need for global regulatory frameworks to facilitate their coexistence, a shift from previous concerns about stablecoins' potential disruption to the financial system.
Former BIS general manager Agustín Carstens said stablecoins can enhance financial inclusion and innovation but stressed the need for global regulatory frameworks to enable coexistence with fiat money.