Stablecoins not credible for payments at scale, BIS chief says
Aug 29 2026 08:15 UTC
The BIS chief favored tokenized bank deposits over stablecoins for everyday payments as new research compared issuer rules across five major markets.
➤ The BIS chief, Pablo Hernández de Cos, expressed skepticism about stablecoins' credibility for large-scale payments, favoring tokenized bank deposits instead.
➤ A new FSI study highlights significant global regulatory differences for stablecoin issuers, with the US and Singapore adopting more restrictive approaches.
➤ Concerns were raised about stablecoins potentially increasing bank funding costs, undermining monetary sovereignty, and posing challenges for AML compliance.
Read more at: https://rwatimes.io/articles/coinmarketcap-stablecoins-not-credible-for-payments-at-scale-bis-chief-says-1899055363?utm_source=binance
Aug 29 2026 08:15 UTC
The BIS chief favored tokenized bank deposits over stablecoins for everyday payments as new research compared issuer rules across five major markets.
➤ The BIS chief, Pablo Hernández de Cos, expressed skepticism about stablecoins' credibility for large-scale payments, favoring tokenized bank deposits instead.
➤ A new FSI study highlights significant global regulatory differences for stablecoin issuers, with the US and Singapore adopting more restrictive approaches.
➤ Concerns were raised about stablecoins potentially increasing bank funding costs, undermining monetary sovereignty, and posing challenges for AML compliance.
Read more at: https://rwatimes.io/articles/coinmarketcap-stablecoins-not-credible-for-payments-at-scale-bis-chief-says-1899055363?utm_source=binance