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Dante A. Disparte closed his Bank for International Settlements – BIS Annual General Meeting remarks with a message for leaders from emerging markets: your jurisdictions may be the best equipped in the world for stablecoins, because mobile money was born there and these frameworks are near peers to rules you already run. The label still ties stablecoins to trading, but the utility is payments, settlement, and cheaper cross border money movement. He called it an upgrade on mobile money.

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