Summary
Different countries have different definitions and classifications for stablecoins, which could potentially pose a risk to financial stability, according to a report by the Financial Stability Institute.
Key Points
1. Countries have varying definitions and categorizations for stablecoins, which may pose a risk to financial stability.
2. The report by the Financial Stability Institute highlights the potential dangers of inconsistent classification of stablecoins across different jurisdictions.
3. Clear and uniform regulations on stablecoins are necessary to mitigate risks and ensure financial stability in the global economy.