The Committee on Payment and Market Infrastructures, an international body that sets norms for the sector, has said it wants to probe the case for cryptos that seek to maintain value against fiat further in the coming months, according to a report published by the Financial Stability Board, an international entity tasked with monitoring the global financial system supported by central banks and finance ministries worldwide.
Source: https://www.coindesk.com/policy/2022/10/10/stablecoins-role-in-cutting-international-payment-costs-probed-by-payments-watchdog/?utm_medium=referral&utm_source=rss&utm_campaign=headlines