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BIS Chief: Stablecoins Still Aren’t Credible Money at Scale

BIS Chief: Stablecoins Still Aren’t Credible Money at ScaleWorldPing

Bank for International Settlements (BIS) General Manager Pablo Hernández de Cos told the Jackson Hole Economic Policy Symposium on August 28 that stablecoins still fail as real money and tokenized deposits should instead carry the bulk of everyday payments.

This is a short WorldPing brief. The full report was published by Bitcoin.com.

Read the full report at Bitcoin.com

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Brief by WorldPing · Original reporting by France 24