Bank for International Settlements: Rapid Growth of Stablecoins Will Bring Regulatory Risks
According to a report by Jinse 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 notes that since 2023, the total market value of stablecoins has doubled to approximately $255 billion, with over 90% concentrated in two US dollar-pegged tokens. The BIS believes that the growth of stablecoins in circulation and their integration with traditional finance could threaten monetary sovereignty in major markets, necessitating stricter regulatory scrutiny.
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