Regulators meet in Basel to grill stablecoin backers

Conference convened by G7 stablecoin group includes Libra Association, Fnality and JP Morgan

bis-basel

The Libra Association struck a conciliatory note today (September 16) as its officials met with central bankers and regulators in Basel to discuss issues posed by the rise of “stablecoins”.

“Our goal is a stable, secure, low-cost payment system that can expand access and improve financial services for billions of people,” said a spokesperson for the Libra Association in an emailed statement. “We are committed to ongoing engagement with central banks and financial regulators as we work toward

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