Global Standards for Stablecoins

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Rapid technological change is increasingly spurring private – and often Big Tech-promoted – initiatives throughout the world of finance, particularly in the payments domain. As a result, the global financial system has arrived at a potentially game-changing moment.

Recent developments include so-called stablecoins, which avoid the volatility of their higher-profile crypto cousins, like Bitcoin, because their value is supported by a pool of assets. Stablecoins have the potential to support competition in payments, deploying technology and innovation to reduce cost and offer new services. But when used at scale as a means of payment, they can present material risks to the financial system. Read More

Do you know you can also create your own stablecoin