BIS chief just threw shade at stablecoins 👀
Pablo Hernández de Cos says they "lack credibility" for large-scale payments. His play? Tokenized deposits are the safer bet.
Translation: TradFi wants control. They see stablecoins eating their lunch and now pushing their own version through banks.
The war for on-chain money rails is heating up. Stablecoins already won the users. Now regulators want to redirect the flow.
Watch how this plays out - it's about who controls the infrastructure, not what's "safer."
Pablo Hernández de Cos says they "lack credibility" for large-scale payments. His play? Tokenized deposits are the safer bet.
Translation: TradFi wants control. They see stablecoins eating their lunch and now pushing their own version through banks.
The war for on-chain money rails is heating up. Stablecoins already won the users. Now regulators want to redirect the flow.
Watch how this plays out - it's about who controls the infrastructure, not what's "safer."
