The world central Bank for International Settlements releases its annual report on the world economy condemning Stablecoin, a non-government, non-central bank issued currency designed to maintain its value as opposed to Bitcoin, which is decentralized and highly volatile in response to the Law of Supply and Demand: “Stablecoins perform poorly when assessed against the three tests for serving as the mainstay of the monetary system.”
- “The bearer nature of stablecoins allows them to circulate without issuer oversight, raising concerns about their use for financial crime, such as money laundering and terrorism financing.”
- “As digital bearer instruments, they lack the settlement function provided by the central bank.”
- “Stablecoins … could pose financial stability risks, including the tail risk of fire sales of safe assets.”
[added 2/2/2026] Thanks to Freedoms Phoenix for this entry.
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References:
III. The next-generation monetary and financial system
www.bis.org/publ/arpdf/ar2025e3.htm
BIS Claims Stablecoins Fail As Money, Calls For Strict Limits On Their Role | ZeroHedge
www.zerohedge.com/crypto/bis-claims-stablecoins-fail-money-calls-strict-limits-their-role
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