BIS chief just dropped a bomb on stablecoins đŁ
Says they're NOT ready for mass payments. Here's the FUD:
âą Could jack up bank funding costs
âą Weak interop between chains
âą AML red flags everywhere
âą $USD stablecoins = threat to monetary sovereignty
Their play? Tokenized deposits instead.
Translation: TradFi wants control. They're scared stables are eating their lunch. This is the same playbookâdelay, discredit, then co-opt.
Stablecoins already moving $15T+ annually. BIS can cope or get left behind.
Says they're NOT ready for mass payments. Here's the FUD:
âą Could jack up bank funding costs
âą Weak interop between chains
âą AML red flags everywhere
âą $USD stablecoins = threat to monetary sovereignty
Their play? Tokenized deposits instead.
Translation: TradFi wants control. They're scared stables are eating their lunch. This is the same playbookâdelay, discredit, then co-opt.
Stablecoins already moving $15T+ annually. BIS can cope or get left behind.
