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 ...

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 ...

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

The Bank for International Settlements said stablecoins fail the three main tests of any money because they are not backed by central banks, lack sufficient guardrails against illicit usage and do not ...

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

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 ...

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, ...

Shares of Circle Internet Group ( CRCL -9.45%) are falling today, down 9.1% as of 2:57 p.m. ET. The drop comes as the S&P 500 ...