Agustín Carstens, former Governor of the Bank for International Settlements (BIS), shared his views on the future of stablecoins at the Point Zero Forum. He noted that stablecoins have the potential to foster financial innovation and inclusion while reducing transaction costs. Carstens emphasized that the international community should work to create conditions where fiat currency and stablecoins can coexist, rather than compete against each other.
Carstens further stressed that if the goal is to establish a global system where stablecoins can interact effectively with the global monetary framework, it must be a collaborative global effort. He called on regulators worldwide to strengthen coordination and develop a more comprehensive regulatory framework with a level playing field for stablecoin issuers. Under appropriate regulation and fair competition, Carstens believes stablecoins can “thrive in a dramatic way.” His remarks come as multiple countries accelerate stablecoin legislation, offering an important reference for international regulatory cooperation.