📰 Stablecoins not a credible means of payment at scale, BIS chief says
🗓️ Aug 28 2026 17:01 UTC - Reuters
Stablecoins do not credibly function as a means of payment at scale and tokenized deposits offer a more compelling case to harness the benefits of this new technology, said the chief of the Bank for International Settlements, a central bank umbrella group.
➤ The Bank for International Settlements (BIS) chief argues that stablecoins are not credible for large-scale payments, favoring tokenized deposits instead.
➤ Concerns are raised about stablecoins regarding financial stability, money laundering, and monetary sovereignty, particularly outside the U.S.
➤ While tokenized deposits are seen as a more promising path for harnessing tokenization benefits, they still face challenges in interoperability, governance, and legal hurdles.
#stablecoins #bis #meansofpayment #tokenizeddeposits #pablohernandezdecos #financialstability #moneylaundering #monetarysovereignty #digitaldollarization
🔗 Read more at: https://rwatimes.io/articles/reuters-stablecoins-not-a-credible-means-of-payment-at-scale-bis-chief-says-2330649991
/ RWATimes
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2026-08-28 20:40:55 UTC
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2026-08-28 20:40:55 UTCEvent JSON
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"content": "📰 Stablecoins not a credible means of payment at scale, BIS chief says\n🗓️ Aug 28 2026 17:01 UTC - Reuters\n\nStablecoins do not credibly function as a means of payment at scale and tokenized deposits offer a more compelling case to harness the benefits of this new technology, said the chief of the Bank for International Settlements, a central bank umbrella group.\n\n➤ The Bank for International Settlements (BIS) chief argues that stablecoins are not credible for large-scale payments, favoring tokenized deposits instead.\n➤ Concerns are raised about stablecoins regarding financial stability, money laundering, and monetary sovereignty, particularly outside the U.S.\n➤ While tokenized deposits are seen as a more promising path for harnessing tokenization benefits, they still face challenges in interoperability, governance, and legal hurdles.\n\n#stablecoins #bis #meansofpayment #tokenizeddeposits #pablohernandezdecos #financialstability #moneylaundering #monetarysovereignty #digitaldollarization\n\n🔗 Read more at: https://rwatimes.io/articles/reuters-stablecoins-not-a-credible-means-of-payment-at-scale-bis-chief-says-2330649991",
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