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Global stablecoin regulation urged to prevent fragmentation.
Bank for International Settlements head Pablo Hernandez de Cos urges global cooperation on stablecoin regulation to prevent market fragmentation and financial instability.
He warns that divergent national rules could create loopholes, and that large stablecoins like Tether and Circle may function more like ETFs than money due to redemption delays.
Additionally, he suggests prohibiting interest payments on stablecoins could reduce their appeal compared to bank deposits.
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Se insta a la regulación global de monedas estables para evitar la fragmentación.