Woofun AI reports that Agustín Carstens, former President of the Bank for International Settlements, has moderated his previous stance on digital assets. Carstens acknowledged that stablecoins can foster financial innovation and inclusivity while simultaneously lowering transaction costs. He emphasized the necessity of establishing conditions that allow stablecoins and fiat currencies to coexist within the global financial system.

This shift suggests a recognition that stablecoins require a supportive regulatory environment rather than outright restriction.

Concurrently, Carstens highlighted that achieving a global framework for stablecoin interaction with sovereign currencies demands international cooperation. He argued that enhanced regulation and a level playing field for issuers are critical prerequisites. Such measures would enable stablecoins to thrive significantly, integrating them more deeply into the broader monetary infrastructure while maintaining systemic stability.