The former BIS general manager said stablecoins could support financial inclusion, innovation and lower costs, but only within internationally coordinated regulatory frameworks and a level playing field for issuers.
Former BIS general manager Agustín Carstens said stablecoins can improve financial inclusion, foster innovation and reduce costs, while arguing that global regulatory frameworks are needed if they are to coexist with fiat money. Speaking at the Point Zero Forum, he said a global system linking stablecoins with global currencies would require international cooperation, stronger regulation and a level playing field for issuers. The remarks underscore the ongoing policy debate over how privately issued digital tokens pegged to traditional currencies should be supervised across borders to limit fragmentation and financial stability risks.