BIS Official Questions Stablecoins' Role
BIS General Manager Pablo Hernández de Cos said today that stablecoins aren't suitable for large-scale payments, favoring tokenized bank deposits instead — a notable pushback from a major global financial institution amid the industry's rapid stablecoin growth.
#NYSilverFuturesDrop3% #SchwabPlansToAddSOLAVAXLINKTrading #USShortTermTreasuryYieldsJump
BIS General Manager Pablo Hernández de Cos said today that stablecoins aren't suitable for large-scale payments, favoring tokenized bank deposits instead — a notable pushback from a major global financial institution amid the industry's rapid stablecoin growth.
#NYSilverFuturesDrop3% #SchwabPlansToAddSOLAVAXLINKTrading #USShortTermTreasuryYieldsJump
