BIS Report Slams Stablecoins: 'Fail as Money,' Calls for Strict Limits

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The Bank for International Settlements (BIS) has issued a scathing critique of stablecoins in its latest annual report, asserting that they fundamentally fail as a form of money. The report highlights stablecoins' inability to meet crucial criteria of singleness, elasticity, and integrity, advocating for stringent limitations on their use within the financial system.

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