former BIS head softens stance on stablecoins, supports coexistence with fiat currencies

Odaily Planet Daily News: Agustín Carstens, former General Manager of the Bank for International Settlements (BIS), 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 we aim to build a global system where stablecoins interact with global currencies, this must be a global cooperative effort. Better regulation and a level playing field for issuers can help stablecoins thrive in a dramatic way. (cointelegraph)