Randal K. Quarles, chairman of the Financial Stability Board (FSB), said the rise in stablecoins could pose regulatory challenges for the financial services industry.
Quarles: stablecoins could affect the whole world
Speaking to an audience at the European Banking Federation’s summit in Belgium, Quarles said: “Although there is little risk to financial stability today, there is no doubt that the potential scale of stablecoins and other crypto assets that are yet to emerge …
