The international organization Financial Stability Board (FSB) has published a report that shows that the role of stablecoins will become key in reducing cash costs when making payments.

The Financial Council emphasized that CPMI was looking into the possibility of more profitable transactions with stablecoins.

The Committee on Payments and Market Infrastructure is carefully considering the cryptocurrency sector now, which, in the future, may become significantly more valuable than fiat currencies. Analysts from various organizations continue monitoring with the support of experts from central banks and ministries of finance.

It was noted earlier that stablecoins can be useful, but for this it is important to understand how to use them correctly in order to improve cross-border payments. Stablecoins are rapidly evolving and could have a significant impact on the global economy in the future. Therefore, risk management is a priority issue.

The FSB is due to present plans to establish a global set of rules for cryptocurrencies, including strict rules for stablecoins.

It is worth noting that the organization said that by 2027, cross-border payments will be made within one hour and with transaction costs of less than 1%.