TechFlow News, March 24: According to a Cointelegraph report, the Financial Stability Board (FSB) warned in its 2025 Annual Report that U.S. dollar–denominated stablecoins circulating across multiple jurisdictions could pose “more severe” financial stability risks to emerging markets and developing economies—risks including currency substitution, reduced usage of domestic payment systems, diminished effectiveness of domestic monetary policy, fiscal resource pressures, and circumvention of capital flow controls.
The FSB also noted that the application of stablecoins and crypto assets in real-economy sectors—such as payments—remains highly limited, and called on regulators to continuously monitor their interconnected risks with core financial markets. Additionally, the FSB will prioritize topics including crypto-asset digital innovation, stablecoin vulnerability monitoring, and cross-border payments in 2026.
