G20 finance ministers called on Friday, 18 October in Washington, D.C., to thoroughly assess the risks associated with ‘stablecoins’, such as Facebook's Libra, before they are launched.
"While acknowledging the potential benefits of financial innovation, we agree that global stablecoins and other similar arrangements with potential systemic footprints give rise to a set of serious public policy and regulatory risks. Such risks (...) need to be evaluated and appropriately addressed...