Stablecoins fare poorly on three measures of their use as a mainstay in the monetary system, the Bank for International ...

BIS report finds stablecoins fail “three key tests” as money, raising financial risks and urging caution for monetary systems ...

Annual Economic Report has just bashed stablecoins for failing major monetary tests. Here’s what the BIS thinks.

The Bank for International Settlements issued its starkest warning yet on the risks posed by stablecoins and urged countries ...

Private crypto can’t pass the test to serve as the new backbone of the global monetary system ...

Stablecoins are no substitute for money, says the Bank for International Settlements. The report cites major flaws in trust, ...

Stablecoin firm Circle’s (CRCL) meteoric stock frenzy is showing some signs of cooling.

Top central bankers said stablecoins “perform badly” as money, contradicting U.S. President Donald Trump’s push to make them ...

Hyperbolic as it may sound, the idea that large societal costs are incurred when the singleness of money breaks down is not without merit. The go-to example that central bankers, economic historians, ...

The Bank for International Settlements issued its starkest warning yet on the risks posed by stablecoins and urged countries to move rapidly towards the tokenisation of their currencies.The BIS, often ...

But crime and financial instability arising from the failure of providers are not the only risks, according to the BIS. Without central bank backing, stablecoins could not guarantee to process very ...