Amir Yaron, the Governor of the Bank of Israel, stated that stablecoins can no longer be viewed as fringe assets, with monthly transaction volumes exceeding $2 trillion and a total market capitalization of over $300 billion, comparable to the balance sheet of a "medium-sized global commercial bank." He emphasized that 99% of stablecoin activity is concentrated in Tether and Circle, indicating a high concentration that necessitates strengthening 1:1 reserves, liquidity assets, and scalable regulatory frameworks. Meanwhile, the Israeli digital shekel team released a roadmap for 2026. (CoinDesk)
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Amir Yaron, the Governor of the Bank of Israel, stated that stablecoins can no longer be viewed as fringe assets, with monthly transaction volumes exceeding $2 trillion and a total market capitalization of over $300 billion, comparable to the balance sheet of a "medium-sized global commercial bank." He emphasized that 99% of stablecoin activity is concentrated in Tether and Circle, indicating a high concentration that necessitates strengthening 1:1 reserves, liquidity assets, and scalable regulatory frameworks. Meanwhile, the Israeli digital shekel team released a roadmap for 2026. (CoinDesk)