Amir Yaron, Governor of the Bank of Israel, stated that stablecoins can no longer be considered marginal assets. Their monthly trading volume has exceeded $2 trillion, with a total market value of over $300 billion— a scale equivalent to the 'balance sheet of a medium-sized global commercial bank'.  

He emphasized that 99% of stablecoin activities are concentrated on Tether and Circle, showing an extremely high level of concentration. Therefore, it is necessary to strengthen three aspects of supervision for stablecoins: implementing the 1:1 reserve system, ensuring sufficient liquid assets, and establishing an scalable regulatory framework.