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Topic: bis

The Bank for International Settlements headquarters in Basel
Crypto
Sunday, 6/28, 11:43 PM

The BIS Says Stablecoins 'Fall Short' as Money — and Warns Emerging Markets

  • The Bank for International Settlements — the central bank for central banks — used its annual report to argue that dollar stablecoins fail the basic tests of sound money, and to warn that their spread could undermine monetary control in developing economies.
  • It's the establishment's sharpest shot yet at crypto's fastest-growing corner.

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