According to Reuters, the G20 Financial Stability Board (FSB) stated in a letter to world leaders that the rapid expansion of private credit markets and stablecoins requires close monitoring. FSB Chairman Andrew Bailey called for modernizing global financial regulation without compromising stability and highlighted the growing importance of non-bank financial intermediaries. The letter emphasized the need to accelerate cross-border payment reforms and establish a more comprehensive regulatory framework for stablecoins, as regulatory differences across jurisdictions could pose additional risks. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=52230