IMF: Stablecoin Market Now Too Big for Fragmented Rules

[madmax]

The IMF’s new Understanding Stablecoins report warns that global regulation is falling behind a rapidly expanding $300B market.
Despite progress in the U.S., U.K., EU and Japan, policymakers are still split on how stablecoins should be issued, supervised and integrated into financial systems.
The big risk: a patchwork of rules that deepens inefficiencies, blocks cross-border payments and forces friction into a system meant to reduce it.

[Nahid Hossen]

Global regulators may push for unified standards soon.

[Nahid Hossen]

Fragmented oversight leaves major gaps in consumer protection.