Regulators and Market Forces Shape Pivotal Year for Stablecoins
• Regulatory landscape transforming stablecoin market in 2023, driven by FSB, G20, and country-specific frameworks • Major stablecoins struggled with de-pegging events, raising concerns about reliability • Adoption growing, with Visa, Mastercard, Checkout.com embracing stablecoins • Despite challenges, market showing resilience and shift towards more transparency • 2023 proves pivotal year for stablecoins with push for stability and security amid growth