Original sourceChain Grid NewsAdditional: Bitcoin News
Summary
BIS General Manager Pablo Hernández de Cos stated that stablecoins are not yet a credible scaling solution for payments, and tokenized deposits in central bank money are the preferred choice for most payments. He proposed a regulatory path for coexistence: tokenized deposits for everyday and wholes…
Key points
- Understanding international regulators' stance on stablecoins helps predict future payment infrastructure developments.
- BIS's views may influence central banks and regulators' attitudes and policies toward stablecoins.
- Stablecoin projects may need to adjust positioning to focus on specific use cases, while bank tokenized deposits may accelerate.
Editorial note
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