2023: A Critical Juncture for the Global Stablecoin Market

Elsewhere, the G-20 discussions earlier in the year revealed a split in perspectives, especially among emerging economies, over concerns about the disruptive potential of stablecoins on sovereign monetary policies. This led to calls for stringent regulatory frameworks, reflecting the need to balance financial innovation with national economic safeguards. In October, the G20 adopted a crypto roadmap to coordinate a global policy framework for crypto assets, including stablecoins, which will also take into consideration implications for emerging markets.