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

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 ...

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

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

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 ...

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

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

The BIS, often dubbed the central bankers’ central bank, outlined its concerns, including stablecoins' potential to undermine monetary sovereignty, transparency issues and the risk of capital ...

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 ...