Former Bank for International Settlements President: Stablecoins can promote financial innovation and inclusiveness while reducing costs

According to Cointelegraph, former Bank for International Settlements President Agustín Carstens stated at the Point Zero Forum that stablecoins can promote financial innovation and inclusivity while reducing costs.

He pointed out that efforts should be made to create conditions for the coexistence of fiat currency and stablecoins. If we hope to establish a global system where stablecoins interact with global currencies, this must be a global cooperative effort. Improved regulation and a fair competitive environment for issuers can help stablecoins thrive dramatically.