Financial Stability
A condition in which the financial system is resilient to shocks and can efficiently intermediate funds, process payments, and manage risks, thereby supporting sustained economic growth.
BIS Sounds Alarm on Stablecoins: Potential to Fracture Global Finance
The Bank for International Settlements (BIS) has issued a stark warning that privately issued stablecoins pose a significant risk of fragmenting the global financial system. The institution advocates for accelerated development of tokenized central bank and commercial bank money.
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