Stablecoins are no substitute for money, says the Bank for International Settlements. The report cites major flaws in trust, ...

BIS report finds stablecoins fail “three key tests” as money, raising financial risks and urging caution for monetary systems ...

Stablecoins fare poorly on three measures of their use as a mainstay in the monetary system, the Bank for International ...

Crypto assets shouldn’t be the mainstay of the future monetary system, a group representing the world’s top central banks ...

The stock of stablecoin issuer Circle’s shares (CRCL) entered a brief cool-off on the 24th of June after doubling in the ...

Top central bankers said stablecoins “perform badly” as money, contradicting U.S. President Donald Trump’s push to make them ...

Stablecoin firm Circle’s (CRCL) meteoric stock frenzy is showing some signs of cooling.

The Bank for International Settlements said stablecoins fail the three main tests of any money because they are not backed by central banks, lack sufficient guardrails against illicit usage and do not ...

Shares of Circle Internet Group ( CRCL -9.45%) are falling today, down 9.1% as of 2:57 p.m. ET. The drop comes as the S&P 500 ...

Hyun Song Shin, the BIS' Economic Adviser, explained that stablecoins lack the traditional settlement function provided by a ...

The Bank for International Settlements (BIS), often dubbed the central bank for central bankers, has issued a withering ...