Mongolbank Eyes Stablecoin Future

Governor B.Lkhagvasuren of the Bank of Mongolia has submitted to Parliament the draft guidelines for the State Monetary Policy to be pursued in 2026. The proposal includes measures to improve regulation of the payment system, support new financial products and services, and launch research on the possibility of adopting stablecoins as a payment instrument. This marks a clear signal that the state is beginning to support blockchain-based technologies and adopt crypto-friendly policies.

The draft guidelines also set out the following objectives:

• Reduce the current inflation target from 6% to 5% starting in 2027
• Combine monetary policy with macroprudential measures aimed at assessing and managing potential risks to the financial system
• Maintain a flexible exchange rate of the tugrik against foreign currencies in line with fundamental macroeconomic factors