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

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

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

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

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

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

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

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

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

Bank for International Settlements releases ‘advance chapter’ on stablecoins ahead of its Annual Economic Report that paints ...

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 ...