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Global Standards for Stablecoins

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When used at scale as a means of payment, stablecoins can present material risks to the financial system. A new consultative report on applying current international payments standards to these digital coins is a milestone in three respects.

HONG KONG/LONDON – 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.

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