Stablecoins

[pmbug]

As the USA gets closer to finalizing the GENIUS Act for stablecoin regulation, things must be getting serious. The BIS put out a new report casting shade on stablecoins:

A new report from the Bank for International Settlements (BIS) challenged the notion that stablecoins can serve as money in a modern financial system.

According to the BIS Annual Economic Report 2025, stablecoins fail the fundamental tests of “singleness,” “elasticity” and “integrity,” three critical criteria that define effective monetary instruments.

The BIS described stablecoins as “digital bearer instruments” that resemble financial assets more than actual money. “Stablecoins perform poorly when assessed against the three tests for serving as the mainstay of the monetary system,” the report said.
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More:

https://cointelegraph.com/news/stablecoins-fail-money-bis-report

 

[searcher]

Why Companies Like JP Morgan And Visa Are Creating Crypto Tokens​

Jun 28, 2025 #CNBC
Mainstream financial companies from JP Morgan to Visa are creating their own crypto currencies, known as stablecoins. Market analysts predict they could disrupt the credit card industry. Watch the video to learn why corporate giants are racing to launch their own crypto tokens.


12:31

Chapters:
0:00 Introduction
1:48 The corporate embrace
7:06 Crypto risks
8:53 Regulation pushes ahead

 

[nickndfl]

If the USA does not make itself the crypto capital of the world, China will.