FSB annual report warns that stablecoins in US dollars exacerbate financial risks in emerging markets

The FSB also pointed out that the application of stablecoins and crypto assets in the real economy, such as payments, is still very limited, and called on regulatory agencies to continuously monitor the associated risks with core financial markets. In addition, the FSB will focus on topics such as digital innovation in crypto assets, monitoring vulnerabilities in stablecoins, and cross-border payments in 2026.