Global crypto exchanges rally behind Saudi Arabia’s plans to launch regulated stablecoins, as the Kingdom accelerates its broader digital asset strategy with support from top officials.

"For years, the Kingdom has invested in cashless payment rails, she noted, adding that the minister’s recent remarks signal that stablecoins may now move from research to implementation within a supervised policy framework aligned with the Saudi Central Bank (SAMA) and the Capital Market Authority (CMA). The approach is “progressive and risk-aware,” Lin said, since it allows stablecoins to operate within already existing regulation for “instant settlement and greater liquidity efficiency.”"

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