ChainCatcher news, according to CoinDesk, the Financial Stability Board (FSB) announced that it will expand its research work on stablecoin risks in emerging and developing economies.

The FSB pointed out that although these economies generally welcome digital financial innovations, the widespread use of stablecoins may pose a threat to their monetary policy and financial stability. The FSB plans to address these risks through in-depth analysis, including an assessment of differences and gaps in the current regulatory frameworks of various countries. At the same time, the FSB called for global collaboration to promote unified regulatory standards for stablecoins to ensure the security and stability of cross-border payments and financial systems. The move was supported by G20 countries, who stressed the need to strengthen the supervision of crypto assets to prevent the recurrence of incidents similar to the collapse of FTX and Celsius last year.