This volume is a product of the staff of the World Bank and Bank of Albania. The findings, interpretations, and conclusions expressed in this volume do not necessarily reflect the views of the Executive Directors of the World Bank or the governments they represent. The World Bank and Bank of Albania do not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of the World Bank and Bank of Albania concerning the legal status of any territory or the endorsement or acceptance of such boundaries.
Executive summary 1 Introduction 2 Characterisation of stablecoins 3 Recent developments and current status of stablecoins 4 Risk asse ssment 4.1 Monetary policy 4.2 Financial stability 4.3 Market infrastructures and payments 4.4 Banking supervision and prudential regulation 5 Conclusions References Acknowledgements ECB Occasional Paper Series No
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