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

The stablecoin audit will detail the reserves backing USD1, which include US dollar deposits, treasuries, and cash ...

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 stock of stablecoin issuer Circle’s shares (CRCL) entered a brief cool-off on the 24th of June after doubling in the ...

One of the world's oldest international financial organizations issued a report critical of stablecoins. Shares of Circle ...

The Bank for International Settlements has warned that stablecoins can’t replace real money, lacking central bank backing, ...

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

President Donald Trump called on lawmakers to work over Fed Chair Jerome Powell for keeping interest rates elevated. In the ...

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

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

The BIS proposes a tokenised monetary system using a unified ledger integrating central bank money, bank deposits and ...