The Financial Stability Board warned on March 24, 2026 that US dollar-pegged stablecoins could leave emerging economies more exposed to external macro shocks and financial-stability risks. The statement highlights concerns about monetary sovereignty, capital flow volatility and liability dollarization.

The Financial Stability Board's 2025 review reveals gaps and inconsistencies in crypto regulatory frameworks worldwide, urging jurisdictions to unify efforts to manage risks around crypto-assets and stablecoins effectively.