Check Out FSB's Roadmaps for Stablecoins and CBDCs
cryptonews.comThe Financial Stability Board (FSB), a think-thank that provides financial policy recommendations to the G20, is looking to fix the “challenges that cross-border payments” experience by “examining” the use of “global stablecoin arrangements” and central bank digital currencies (CBDCs).
The FSB and other major bodies have spoken in the past about the urgent need to bolster the flagging conventional cross-border payments system, which is slow, cumbersome and costly in comparison to alternatives such as crypto.
Per its latest Enhancing Cross-border Payments update, the FSB, which is led by the Federal Reserve deputy head Randal Quarles, laid out a roadmap for “fostering the soundness of global stablecoin arrangements,” a process it began exactly
Read more on cryptonews.com
