Annual Economic Report has just bashed stablecoins for failing major monetary tests. Here’s what the BIS thinks.

By Carlos LOPES Like many other multilateral forums, this month’s Fourth International Conference on Financing for ...

The increase in physical gold holdings in India has come at a time of global uncertainty, especially in the world’s largest ...

The stablecoin audit will detail the reserves backing USD1, which include US dollar deposits, treasuries, and cash equivalents. BitGo is acting as the custodian, and WLF will begin publishing monthly ...

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 ...

The European Commission, the EU’s executive branch, plans to issue formal guidance in the coming days, according to the ...

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

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

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

The Bank for International Settlements (BIS) unveiled a groundbreaking vision for the future of the global monetary and financial system.