稳定器的快速增长威胁到金融稳定,促使全球监管者实施更严格的规则。 Stablecoins' rapid growth threatens financial stability, prompting global regulators to impose stricter rules.

国际货币基金组织警告说,稳定币现在价值3 930亿美元,并迅速增长,通过威胁国家货币当局、破坏国库市场稳定和破坏传统银行,构成系统性风险。 The IMF warns that stablecoins, now worth $393 billion and growing rapidly, pose systemic risks by threatening national monetary authority, destabilizing Treasury markets, and undermining traditional banks. 在促成更快、更便宜的跨境支付和扩大金融准入的同时,特别是在发展中经济体,它们的无管制增长引起了对金融犯罪、市场波动以及技术巨头取代银行的潜力的关切。 While enabling faster, cheaper cross-border payments and expanding financial access, especially in developing economies, their unregulated growth raises concerns over financial crime, market volatility, and the potential for tech giants to replace banks. 全球监管者,包括美国、欧盟、联合王国和其他国家,正在趋同于更严格的规则,要求储备、审计和监督,这反映了为防止监管套利和保护金融稳定而发生的转变。 Global regulators, including the U.S., EU, UK, and others, are converging on stricter rules requiring reserves, audits, and oversight, reflecting a shift to prevent regulatory arbitrage and protect financial stability.