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

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

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

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

The Bank for International Settlements has warned that stablecoins fail to meet the criteria for sound money and are unlikely ...

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

The Bank for International Settlements said stablecoins fail the three main tests of any money because they are not backed by central banks, lack sufficient guardrails against illicit usage and do not ...

Crypto assets shouldn’t be the mainstay of the future monetary system, a group representing the world’s top central banks ...

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

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

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, ...