International regulators have asked central banks to ban stablecoins. Both decentralized and centralized fiat-pegged coins are coming under scrutiny, based on recommendations from the Financial Stability Board.

The FSB is an international entity that provides suggestions on the global financial system. It comprises central banks and finance ministries from major G20 economies.

The recommendations are to be presented before an audience of G20 countries, and reference major stablecoins, including USDT, USDC, TUSD, PAX, and DAI.

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