According to a report by CoinDesk on July 15, Andrew Bailey, Chairman of the Financial Stability Board (FSB) and Governor of the Bank of England, stated in a letter to the G20 on Sunday that assessing the role of stablecoins in payments and settlements will become a key topic for the FSB. He mentioned that the FSB should continue to implement the consensus reached on stablecoin recommendations and monitor developments in this area across various jurisdictions.

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