Ex–World Bank president urges U.S. to lead on stablecoins

Former World Bank President David Malpass has issued a compelling call for U.S. leadership in the rapidly evolving stablecoin market, positioning these digital assets as a "global game-changer" in the cryptocurrency landscape. Malpass's statement underscores the critical importance of stablecoins in shaping international economic policy and blockchain innovation.

As stablecoins emerge as a pivotal battleground for global economic influence, Malpass emphasizes that American leadership in cryptocurrency regulation and DeFi infrastructure could determine future market dominance. The former World Bank chief's endorsement highlights stablecoins' potential to revolutionize cross-border payments, financial inclusion, and monetary policy implementation.

This development comes amid increasing institutional adoption of Bitcoin and blockchain technology worldwide. Stablecoins, which maintain price stability through various pegging mechanisms, are becoming essential infrastructure for decentralized finance (DeFi) protocols and digital asset trading. Market analysts suggest that regulatory clarity and innovation leadership in the stablecoin sector could significantly impact the broader cryptocurrency market's growth trajectory.

Malpass's advocacy signals growing recognition among traditional financial leaders that digital currencies and blockchain technology represent fundamental shifts in global monetary systems, making regulatory frameworks and innovation policies increasingly critical for national economic competitiveness.