🗓️ In 2023, The Bank of International Settlements study highlighted that tokenized assets could reduce cross-border payment costs by up to 30% using blockchain technology.
📈 Analysts see this as a response to the growing $150 billion stablecoin market, currently led by Tether and Circle.
🧑⚖️ The initiative to issue a separate stablecoin is risky in its own way, as cryptoasset market regulations, such as the European Union's MiCA, which comes into force in 2025, set strict standards for stablecoins. And this could affect the adoption of stablecoins in the banking system.
