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 ...

Trade tensions and fractious geopolitics risk exposing deep fault lines in the global financial system, central bank umbrella ...

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

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

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

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

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, ...

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 ...