PANews July 12 news, according to Bloomberg, the Bank for International Settlements (BIS) warns that the rapid expansion of stablecoins (digital tokens usually pegged to fiat currencies) is posing new policy challenges for financial authorities and may threaten the monetary sovereignty of major markets. The BIS stated in an announcement that the growth in the circulation of stablecoins and their integration with traditional finance requires stricter regulatory scrutiny. The announcement noted that since 2023, the overall market value of stablecoins has doubled to approximately $255 billion, with over 90% concentrated in two tokens linked to the US dollar.
