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

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, ...

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

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

The Bank for International Settlements has warned that stablecoins fail to meet the criteria for sound money and are unlikely ...

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

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

Private crypto can’t pass the test to serve as the new backbone of the global monetary system ...

The Bank for International Settlements issued its starkest warning yet on the risks posed by stablecoins and urged countries ...

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 ...