BIS Chief: Stablecoins Still Aren’t Credible Money at Scale

Bank for International Settlements (BIS) General Manager Pablo Hernández de Cos told the Jackson Hole Economic Policy Symposium on August 28 that stablecoins still fail as real money and tokenized deposits should instead carry the bulk of everyday payments. A Blunt Verdict From Basel The BIS is the institution central bankers turn to for standards, […]