Bank for International Settlements: Rapid expansion of stablecoins poses new policy challenges for regulatory agencies According to Bloomberg, the Bank for International Settlements (BIS) has warned that the rapid expansion of stablecoins (digital tokens typically pegged to fiat currencies) is posing new policy challenges for financial authorities and may threaten the monetary sovereignty of major markets. The Bank for International Settlements stated in a statement that the increasing circulation of stablecoins and their integration with traditional finance require stricter regulatory scrutiny. The announcement states that since 2023, the overall market value of stablecoins has doubled to approximately $255 billion, with over 90% concentrated on two tokens pegged to the US dollar.