CBN will play active role in shaping global stablecoin rules, says Cardoso
The Central Bank of Nigeria (CBN) says it intends to play an active role in shaping global regulatory frameworks on stablecoins to ensure innovation strengthens financial stability rather than undermines it.
Olayemi Cardoso, governor of the CBN, disclosed this in Washington D.C. while addressing journalists at the end of the 2025 annual meetings of the International Monetary Fund (IMF) and the World Bank Group on Friday.
Cardoso said discussions during the meetings reflected the rising importance of financial technology and digital assets in global finance, including stablecoins — digital tokens designed to maintain a stable value.
“Building on this spirit of innovation and responsible growth, a theme that surfaced in meeting after meeting throughout this week, is the rising prominence of stablecoins in the global financial system,” he said.
