G7 Talks Global Stablecoin

Objectivity 3.8 | Credibility 3.7 | Relevance 3.6

 In the most recent G7 meeting, leaders, G7 finance ministers, and central banks discussed moving forward with a new “stablecoin” development–a digital currency that would radically change the way the global economy functions. With no clear central bank, digital currencies principles, or definitive security measures, the concept of stablecoin carries systemic risks. The G7 plans on publishing stable principles for CBDC later in the year, with the ultimate goal of a “global dollar” still on the horizon.