World · Regulation · Global ·
BIS chief says stablecoins lack credibility for payments at scale
The Bank for International Settlements chief Pablo Hernández de Cos stated that stablecoins lack credibility for large-scale payment use, citing a new financial stability institute study showing sharp differences in issuer regulation across jurisdictions.
Why it matters for the crypto market
Central bank criticism of stablecoin viability for mainstream payments reflects institutional skepticism about crypto's ability to serve as a settlement layer despite years of industry development.
Source: cointelegraph.com
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