IMF Vice President Li Bo Talks about Stablecoins: The Core Challenge is How to Implement Effective Regulation, Need to Reach More Consensus on a Global Scale Li Bo, Vice President of the International Monetary Fund (IMF), stated at the 2025 Summer Davos Forum that there are both opportunities and challenges in the development of stablecoins. The core challenge lies in how to effectively regulate stablecoins. At present, there have been many practical explorations and regulatory attempts on stablecoins worldwide, but this is just the beginning, and there are still many questions that need to be answered urgently, and more consensus needs to be reached globally.