G7 report states that no stablecoin can be launched in the markets before its parent company has proved its security and reliability. The group of seven (G7) consists of world-leading nations, including the U.S, the U.K, France, Germany, Japan, Canada, and Italy. The group believes that no stablecoin should have the authority to begin operations unless regulatory bodies have certified its security. G7 thinks that the project must first overcome any legal, challenges, and risks before launching the product. The news was reported on a BBC report that was published this Monday. However, the report added that overcoming the legal
