Wu said that according to Bloomberg, the Bank for International Settlements (BIS) has issued a statement warning that the rapid expansion of stablecoins is bringing new policy challenges to financial regulatory agencies. The report states that since 2023, the total value of the stablecoin market has doubled to approximately $255 billion, with over 90% concentrated on two types of dollar pegged tokens. BIS pointed out that stablecoins lack the basic guarantee of bank deposits and are highly dependent on the US dollar, which may weaken the effectiveness of existing foreign exchange regulations and make it difficult for law enforcement agencies to freeze the funds involved. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=45450