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block 18 is the one were going to focus on because it centers around fostering Global stable coin Arrangements they State the work is underway its standard setting bodies to understand this area and make necessary changes in their respective domains to safeguard the financial system from potential risks they also consider how well-designed and risk manage stable coins could play a role in improving cross-border payments in light of this the cpmi and the iosco published in July of 2022 final guidance on applying the principles for financial Market infrastructures to stable coins these principles for financial Market infrastructure have served as a global set of standards that have heavy influence on Global Financial markets stable coins are now going to be incorporated into everyday Finance