Tether and Other Stablecoins Being Looked at as Solution in Global Payments

An influential global payments watchdog has been investigating whether stablecoins—cryptocurrencies that are typically pegged to the U.S. dollar—can help make sending money internationally faster and cheaper.

The Committee on Payments and Market Infrastructures (CPMI), which establishes and promotes global regulations and standards for payments, is probing how stablecoins could improve cross-border payments, according to a Financial Stability Board report