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No Questions Asked: BIS says stablecoins fall short as money while the US rules out the alternative
The Bank for International Settlements (BIS) has published Chapter III of its 2026 Annual Economic Report, offering their view of stablecoins as monetary instruments, concluding that current designs "fall short on foundational properties of money." The BIS examines the macro-financial implications of stablecoin adoption and sets out the BIS's preferred path for digital money. The findings arrive just days after the US Senate passed legislation prohibiting the US Federal Rese
Jul 154 min read
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