Agustín Carstens Advocates for Stablecoins and Regulatory Frameworks
Former BIS General Manager Agustín Carstens has expressed support for stablecoins, highlighting their potential to improve financial inclusion while calling for global regulations.
Editorial Staff
1 min read
Updated about 20 hours ago
Agustín Carstens, the former General Manager of the Bank for International Settlements (BIS), has recently softened his previous stance on stablecoins.
He noted that stablecoins could play a significant role in enhancing financial inclusion and fostering innovation within the financial sector.
However, Carstens emphasized the necessity of establishing global regulatory frameworks to ensure that stablecoins can coexist with traditional fiat currencies.