Dollar Stablecoins Pose Alarming Risk to Emerging Market Financial Stability, FSB Warns
In a significant warning to global policymakers, the Financial Stability Board (FSB) has flagged US dollar-denominated stablecoins as a potentially severe threat to the economic sovereignty and financial stability of emerging market and developing economies (EMDEs). The FSB’s 2025 annual report, published in the fourth quarter of that year, outlines how these digital assets could […]
