BIS warns dollar stablecoins could strain banks and policy

BIS warns dollar stablecoins could strain banks and policy

0.46%LINK$9.27 1.65%DOGE$0.09453 0.95%ADA$0.247 0.89%BTC$75,079 0.12%XLM$0.1689 0.91%SOL$85.06 0.59%XRP$1.41 0.21%BCH$441.69 0.48%ETH$2,308 0.02%HYPE$41 4.57%TRX$0.33 1.04%BNB$627 1.13%USD Written by Christina Comben,Staff EditorReviewed by Bryan O'Shea,Staff EditorBIS warns dollar stablecoins could strain banks and policy55 minutes agoBIS general manager Pablo Hernández de Cos says US dollar stablecoins could pose risks to financial stability and urges stronger global coordination on regulation. The Bank for International Settlements (BIS) general manager, Pablo Hernández de Cos, called for tighter global coordination on stablecoins Monday, warning that US dollar-denominated tokens could have “material consequences” for financial stability and economic policy if they grow large enough to rival traditional money. Speaking at a Bank of Japan seminar in Tokyo, he said current stablecoin ar

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