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BIS chief says stablecoins not credible payments

BIS: Stablecoins fail to function effectively at scale

asadianAugust 30, 2026 | 10:20 AM

August 30, 2026 | 10:20 AM

Bank for International Settlements BIS chief says stablecoins not credible payments BIS chief stablecoins BIS stance crypto central bank concerns about crypto assets central bank policy central banks against stablecoins cryptocurrency regulation digital asset regulation distributed ledger technology banking innovation payment mechanism failure payment systems stablecoin concerns stablecoin credibility stablecoin criticism BIS stablecoin financial stability money laundering risks stablecoins lack credibility stablecoins not credible tokenized deposits tokenized deposits better than stablecoins

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