CoinVoice has recently learned that, according to a report by Bloomberg, the Bank for International Settlements (BIS) has issued a statement warning that the rapid expansion of stablecoins is presenting new policy challenges for financial regulators.

The report indicates that since 2023, the total market value of stablecoins has doubled to approximately $255 billion, with over 90% concentrated in two types of dollar-pegged tokens. The BIS believes that the growth of stablecoins in circulation and their integration with traditional finance may threaten the monetary sovereignty of major markets, necessitating stricter regulatory scrutiny. [Original link]