Financial Stability Board Chairman Lists Stablecoins as Key Issue Ahead of G20 Summit

According to CoinDesk, the new Chairman of the Financial Stability Board (FSB) and Governor of the Bank of England, Andrew Bailey, stated in an open letter to the G20 that assessing the role of stablecoins in the field of payment settlement will be a priority for the FSB. After taking office in July, Bailey emphasized that before the G20 summit, the FSB needs to continue to promote the implementation of stablecoin regulatory recommendations and strengthen cross-border regulatory cooperation. [Foresight News]