Bank for International Settlements warns: rapid expansion of stablecoins may threaten monetary sovereignty

According to Mars Finance, 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 rise of stablecoins in circulation and integration with TradFi could threaten monetary sovereignty in major markets, necessitating stricter regulatory scrutiny. (Bloomberg)

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