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

2025/07/15 19:10

PANews reported on July 15 that according to CoinDesk, Andrew Bailey, the new chairman of the Financial Stability Board (FSB) and governor of the Bank of England, said in an open letter to the G20 that evaluating the role of stablecoins in the field of payment and settlement will become 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. The agency issued stablecoin regulatory rules in 2021 to prevent its impact on the global economy, and announced last year that it would conduct in-depth research on the application risks of stablecoins in emerging markets. In a recent interview with The Times, Bailey warned that investment banks' self-developed stablecoins may weaken their ability to create credit and regulate monetary policy. As the size of the stablecoin market breaks through new highs, global regulatory efforts continue to escalate, and the US Senate has passed the GENIUS Stablecoin Act.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Introducing 24/7 Automated Income Streams for XRP Holders – Powered by Blockchain Cloud Mining

Introducing 24/7 Automated Income Streams for XRP Holders – Powered by Blockchain Cloud Mining

July 14, 2025 – As Bitcoin surges past $120,000 and global interest in cryptocurrency continues to rise, BlockchainCloudMining is emerging as a game-changing solution for XRP holders looking to generate automated, stable income streams without the complexities of traditional mining setups. With demand for low-risk, hands-free crypto investments reaching record highs, XRP is now more than just a trading token – it’s becoming a gateway to real-time earnings through BlockchainCloudMining’s advanced cloud-based infrastructure. A Seamless Mining Experience with XRP BlockchainCloudMining enables users to rent mining power from high-performance data centers worldwide. By leveraging XRP’s fast settlement and ultra-low transaction fees, users can activate mining contracts and start earning daily payouts within 24 hours – no hardware, noise, or technical know-how required. “XRP integration has supercharged our platform’s accessibility,” said the Head of Strategy at BlockchainCloudMining. “We’re seeing rapid adoption in Latin America, Europe, and Asia. XRP holders can activate contracts in seconds and withdraw profits as soon as the next day.” Popular Mining Contracts Cater to All Investors BlockchainCloudMining offers a range of plug-and-play contract options to match various budget levels, Some of the most popular options include : New User Experience Contract : $100 for 2 days; total return: $106 WhatsMiner M66S : $500 for 7 days; total return: $545.50 WhatsMiner M60 : $1,000 for 14 days; total return: $1,196 Bitcoin Miner S21+ : $3,000 for 20 days; total return: $3,900 ALPH Miner AL1 : $10,000 for 35 days; total return: $15,950 ANTSPACE HK3 : $33,000 for 40 days; total return: $59,400 All contracts start generating income the day after payment confirmation, and users may withdraw profits to their crypto wallets or reinvest in new contracts. Platform Benefits at a Glance Free $12 sign-up bonus Daily payouts and high profit margins No service or maintenance fees Supports 9+ major cryptocurrencies including XRP, BTC, ETH, DOGE, LTC, SOL, BCH, USDC, and USDT Enterprise-grade security powered by McAfee® and Cloudflare® 24/7 global support and 100% uptime guarantee Lucrative referral program offering up to $50,000 in bonuses A Safer Alternative in a Volatile Market As crypto investors look for stability beyond speculation, BlockchainCloudMining provides a credible alternative. With XRP as a frictionless on-ramp, users now have a transparent, secure, and profitable way to turn dormant crypto into a 24/7 income stream. Media Contact Website: www.blockchaincloudmining.com Email: info@blockchaincloudmining.com
Share
CryptoNews2025/07/15 21:33