The Central Bank of Israel is keeping an eye on stablecoins: a $300 billion market, 99% controlled by two companies.

[Bitpush] The Israeli Central Bank recently held a payment conference in Tel Aviv, and the speech by Governor Amir Yaron was quite worth following. He pointed out a fact directly: stablecoins are no longer a fringe thing, and regulators need to face this issue.

The data is there - the global stablecoin market capitalization exceeds $300 billion, with monthly trading volume surpassing $2 trillion. This scale has already been deeply embedded in the global flow of capital. However, Yaron particularly emphasized a risk point: the market concentration is too high. 99% of stablecoin activity is monopolized by Tether and Circle, which is actually quite dangerous, exposing systemic vulnerabilities.

So he listed several regulatory priorities: issuers must have full 1:1 reserve support, reserve assets must have sufficient liquidity, and a scalable regulatory framework must be established. In simple terms, it means setting the rules.

The meeting also mentioned Israel's digital shekel project. Project leader Yoav Soffer revealed that they hope the digital shekel will become a “Central Bank currency for everything.” A timeline has also been set: official recommendations will be given before 2026, and concrete actions will be taken by the end of the year.

It seems that the attitude of various Central Banks towards stablecoins is shifting from wait-and-see to proactive intervention.