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BIS Says Stablecoins Act More Like ETFs Than Money
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BIS Says Stablecoins Act More Like ETFs Than Money
The Bank for International Settlements says stablecoins do not function like true money, warning that they can trade away from par and face uncertain redemptions. The report also flags dollar-pegged tokens as a growing force behind dollarization in fragile economies.
STABLECOINSCENTRAL-BANKSCRYPTO-REGULATION