BIS says stablecoins fall short as money, warns of emerging-market risks in annual report
Jun 28 2026 22:02 UTC
The Bank for International Settlements argued in its annual report that stablecoins still fall short of money on singleness, elasticity and integrity.
➤ The Bank for International Settlements (BIS) argues in its annual report that stablecoins fail to meet core monetary properties like singleness, elasticity, and integrity, likening them more to ETF shares than actual money.
➤ The report estimates that even with significant market value, stablecoins would have a modest net negative effect on output due to strained bank funding and credit, and warns of risks like 'stablecoin dollarization' in emerging economies.
➤ BIS proposes a tokenized 'unified ledger' anchored in central bank money as a safer alternative and calls for internationally consistent rules to address stablecoin weaknesses.
Read more at: https://rwatimes.io/articles/theblock-bis-says-stablecoins-fall-short-as-money-warns-of-emerging-market-risks-in-annual-report-2109662414?utm_source=binance
Jun 28 2026 22:02 UTC
The Bank for International Settlements argued in its annual report that stablecoins still fall short of money on singleness, elasticity and integrity.
➤ The Bank for International Settlements (BIS) argues in its annual report that stablecoins fail to meet core monetary properties like singleness, elasticity, and integrity, likening them more to ETF shares than actual money.
➤ The report estimates that even with significant market value, stablecoins would have a modest net negative effect on output due to strained bank funding and credit, and warns of risks like 'stablecoin dollarization' in emerging economies.
➤ BIS proposes a tokenized 'unified ledger' anchored in central bank money as a safer alternative and calls for internationally consistent rules to address stablecoin weaknesses.
Read more at: https://rwatimes.io/articles/theblock-bis-says-stablecoins-fall-short-as-money-warns-of-emerging-market-risks-in-annual-report-2109662414?utm_source=binance