The annual economic report of the Bank for International Settlements (BIS) warns of possible changes to the global monetary landscape. Published in Basel, the document examines the role of stablecoins and their limitations in today’s financial systems. The institution highlights the risk of dollarization in certain emerging economies when users favor digital assets linked to the US dollar. This analysis presents the issues related to tokenized, indexed assets and possible developments in private digital money. The BIS believes that these innovations require a suitable framework in order to evolve.

The article Stablecoins: The BIS warns against the creeping dollarization of emerging economies first appeared on Cointribune.