The former BIS executive finally speaks out—Is the spring of stablecoin regulation finally arriving?

According to a report by Cointelegraph, former head of the Bank for International Settlements, Augustin Carstens, said at the Point Zero Forum that stablecoins can promote financial innovation and inclusion while lowering costs. He noted that efforts should be made to create conditions in which fiat currencies and stablecoins can coexist. He also pointed out that building a global system for stablecoins to interact with global currencies requires global cooperation, and that more robust regulation and a fair competitive environment for issuers can help stablecoins thrive.