former head of the Bank for International Settlements softens stance on stablecoins, supports coexistence with fiat currencies

Odaily reports that former Bank for International Settlements Governor Agustín Carstens stated at the Point Zero Forum that stablecoins can promote financial innovation and inclusion while reducing costs.

He pointed out that efforts should be made to create conditions for the coexistence of fiat currencies and stablecoins. If the goal is to establish a global system where stablecoins interact with global currencies, this must be a collaborative global effort. Better regulation and a level playing field for issuers could help stablecoins thrive in a dramatic way. (cointelegraph)