Foresight News reported that the Bank for International Settlements (BIS) has issued a warning that the rapid expansion of stablecoins is presenting new policy challenges for financial regulators. The report states that since 2023, the total value of the stablecoin market has doubled to approximately $255 billion, with over 90% concentrated in two dollar-pegged tokens. The BIS pointed out that stablecoins lack the fundamental safeguards of bank deposits and are highly dependent on the dollar, which may weaken the effectiveness of existing foreign exchange regulations and make it difficult for enforcement agencies to freeze involved funds.