As a result, stablecoin users are likely to bear higher credit, market and liquidity risks, and the stablecoins themselves are vulnerable to runs[15], with potentially systemic implications[16].
They offer a breadth of opportunities that are too enormous to not be seen and felt and may, in fact, make us less relevant if we do not adapt. I will focus on two of them tonight. Regional integration First are the developments within ASEAN. In the region, we continue to pursue cooperative efforts.