Fragmented Regulations Limit Stablecoin Adoption in International Finance: WTO
9 Articles
9 Articles
Stablecoins Cover Just 3% of Global Payments as Regulatory Patchwork Stalls Growth
Stablecoins aren’t going anywhere. But they’re not really going everywhere either — not yet. A new World Trade Organization report… Read the original on Stablecoins Stalled at 3% of Global Payments Amid Regulatory Chaos, WTO Reports. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
WTO Chief Warns Fragmented Rules Are Hindering Global Stablecoin Use
The World Trade Organization says stablecoins could meaningfully reduce frictions in international trade and trade finance, but adoption remains constrained less by underlying technology and more by regulation. Speaking in Geneva at the launch of a WTO study on stablecoins in world trade, Juan Marchetti, director of the WTO’s trade in services and investment division, [...]
The World Trade Organization warns that the lack of inter-jurisdictional coordination keeps stablecoins away from their potential in payments and trade finance.
WTO Director states that regulatory fragmentation restricts the use of stablecoins in international trade and cites 3% of payments
🚨 The WTO announced that the fragmentation in stablecoin regulations is slowing down international trade. 📌 Juan Marchetti said the main problem is not the technology but the lack of regulatory frameworks. 📊 While stablecoins currently account for 3% of international payments, the use case of assets like $USDT continues to grow. 🌍 Cross-border stablecoin payments increased 35-fold between 2020 and mid-2024. Read More: The WTO announced that …
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