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Financial Stability Board Flags Rising Emerging-Market Risks From U.S. Dollar Stablecoins

In its 2025 annual report, the Financial Stability Board (global financial watchdog) said cross-border dollar stablecoins could pose stronger macroeconomic and financial stability risks to emerging and developing economies.

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Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value, often by being pegged to a fiat currency such as the U.S. dollar.
  • Cross-border payments: Transfers of money between users in different countries, an area where stablecoins can move value quickly across financial systems.
  • Financial Stability Board: A global body that monitors and makes recommendations about the international financial system and related risks.