Svmuu News: Agustín Carstens, former governor of the Bank for International Settlements, stated at the Point Zero Forum that stablecoins can promote financial innovation and inclusion while reducing costs.
He noted that efforts should be made to create conditions for fiat currencies and stablecoins to coexist, and that establishing a global system where stablecoins interact with global currencies must be a collaborative global effort. Improved regulation and a level playing field for issuers can help stablecoins flourish in a dramatic way. (Cointelegraph)