Bank of Israel Governor Amir Yaron has stated that stablecoins can no longer be considered marginal assets, with their monthly trading volume surpassing $2 trillion and a total market capitalization exceeding $300 billion. Yaron noted that the scale of stablecoins is comparable to the balance sheet of a medium-sized global commercial bank. He emphasized that 99% of stablecoin activity is concentrated in Tether and Circle, indicating a high level of concentration that necessitates enhanced 1:1 reserve backing, liquidity assets, and a scalable regulatory framework. Additionally, the Israeli digital shekel team has released a roadmap for 2026.