Former BIS chief calls for environment where fiat and stablecoins coexist

Agustín Carstens, former General Manager of the Bank for International Settlements (BIS), has stated that stablecoins can promote financial inclusion and innovation. According to Cointelegraph, he said that stablecoins could contribute to expanding financial innovation, broadening financial inclusion, and reducing costs. Carstens added that an environment must be created where fiat currencies and stablecoins can coexist.