WTO chief: fragmented regulation limits stablecoin adoption
- —Stablecoins account for only 3% of global payments
- —Fragmentation of regulation was named the main barrier to their adoption
- —The WTO sees potential for stablecoins to reduce trade finance costs
Why it matters: A signal to regulators on the need to harmonize stablecoin rules, which could accelerate their adoption in international settlements.
Source: Cointelegraph