WTO Says Fragmented Rules Hinder Stablecoin Growth
Global regulators need to get on the same page before stablecoins can truly change how money moves across borders.
coinbeat.newsStablecoins have the potential to make international payments faster and cheaper. However, a new report shows that current rules are holding them back. Different laws in different countries make it difficult for businesses to rely on these assets for trade finance.
Because of these confusing and inconsistent regulations, stablecoins currently account for only three percent of global payments. While the technology is ready to handle much more, the legal landscape is keeping things small for now.
Investors should keep an eye on how international groups approach common standards in the coming months. If countries start to coordinate their laws, we could see a major shift in how stablecoins are used for cross border business.
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