{"id":160948,"date":"2025-06-26T09:00:31","date_gmt":"2025-06-26T06:00:31","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=160948"},"modified":"2025-06-25T14:55:58","modified_gmt":"2025-06-25T11:55:58","slug":"bis-slams-stablecoins-calls-them-ill-suited-for-modern-monetary-systems","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bis-slams-stablecoins-calls-them-ill-suited-for-modern-monetary-systems\/","title":{"rendered":"BIS Slams Stablecoins, Calls Them Ill-Suited for Modern Monetary Systems"},"content":{"rendered":"

Far from being modern money, stablecoins fall short on key fundamentals such as trust, flexibility, and system integrity.<\/p>\n

BIS argues<\/a><\/strong> that stablecoins function more like speculative financial assets than currency. Because they\u2019re issued by private firms and not universally accepted at fixed value, they break the concept of monetary \u201csingleness\u201d \u2014 the idea that one unit of money is always worth the same as another.<\/p>\n

Their structure, the report notes, requires users to front full value before issuance, leaving no room for monetary expansion in times of stress \u2014 a stark contrast to how central banks inject liquidity. Additionally, BIS points to the risks associated with public blockchains and unregulated wallets, raising alarms over money laundering and illicit flows.<\/p>\n