As Wall Street embraces stablecoins, regulators warn they've become the go-to currency for global crime networks.

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

The stablecoin audit will detail the reserves backing USD1, which include US dollar deposits, treasuries, and cash ...

Hyperbolic as it may sound, the idea that large societal costs are incurred when the singleness of money breaks down is not without merit. The go-to example that central bankers, economic historians, ...

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

One of the world's oldest international financial organizations issued a report critical of stablecoins. Shares of Circle ...

The Bank for International Settlements has warned that stablecoins can’t replace real money, lacking central bank backing, ...

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 ...