WE-LaunchBank for International Settlements: Stablecoin Rapid Growth Will Bring Regulatory Risks
BlockBeats News, July 12th, the Bank for International Settlements (BIS) issued a statement warning that the rapid expansion of stablecoins is posing new policy challenges for financial regulatory authorities. The report stated that since 2023, the total value of the stablecoin market has doubled to around $255 billion, with over 90% concentrated in two USD-pegged tokens. BIS pointed out that stablecoins lack the fundamental protection of bank deposits and are highly reliant on the US dollar, which could weaken existing foreign exchange regulations and make it difficult for law enforcement agencies to freeze illicit funds.
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