BIS Secretary General Points Out Challenges for Stablecoins as Large-Scale Payment Methods
The Secretary General of the Bank for International Settlements (BIS) has claimed that stablecoins in their current form do not meet the fundamental requirements for functioning as large-scale payment methods. According to a speech released by the BIS on the 28th, Pablo Hernández de Cos made this statement at the Jackson Hole Economic Policy Symposium. He identified three issues that need to be addressed for stablecoins to function reliably. The first is the singularity of the currency and the elasticity of liquidity. For example, if a user holding USDT only accepts USDC, they must sell USDT in the market to buy USDC, which poses a risk of the stablecoin's market price deviating from one dollar during this process. The second issue is the interoperability between blockchains and the finality of payments. Stablecoins issued on different blockchains are not directly compatible, requiring separate bridges for transfer. The third issue concerns financial integrity, including anti-money laundering (AML) and counter-terrorism financing (CFT) regulations. He pointed out that the pseudonymity of public blockchains and the increase in transactions through personal wallets make it difficult to apply existing AML and CFT regulations in traditional finance. The BIS assessed that tokenized deposits are more suitable for leveraging the advantages of blockchain technology while maintaining the reliability of the existing financial system compared to stablecoins. However, it added that tokenized deposits have not yet reached a commercial stage.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

NOT A HOTEL Announces Collaboration with Pokémon

Ripple unlocks 1B XRP as escrow falls to 31.28B

Latest Non-Farm Payroll Forecast: Job Growth May Slow, Fed Faces Complex Choices

$40 Trillion U.S. Debt Alarm Sounds, BlackRock Unexpectedly Bullish on Bitcoin and Gold

Russia opens regulated crypto trading as new law takes effect

What is liquidation? The trading minute

Crypto: The Clarity Act has only a 13% chance of being adopted

Digital Day: What Professions Are Lacking in the Crypto Market and Where to Acquire Them

SEC to Accept Public Comments on Crypto Asset Regulation Until October 20

CME launches crypto indexes tracking XRP, SOL, HYPE and other altcoins

KuCoin Ventures Weekly Report: Waller Strengthens Rate Hike Expectations, ETF Funds Significantly Flow Back, RWA Narrative and Attention Assets Reshape the Crypto Market

Coincheck G Partners with French DFNS to Explore Custody Solutions for Institutional Investors

Monthly Column Report | Foresight News Outstanding Content Creators List for August 2026

Singapore proposes new stablecoin rules covering foreign issuers and interest

SEC and FDA sign 3-year market integrity pact

Rising Yield on Japan's 2-Year Bonds; Does Yen Carry Trade Threaten Bitcoin Again?

Hyperliquid in Talks with Kraken's Parent Company Payward for U.S. Expansion

Why Was the Messi Retirement Token Issued Without Liquidity?

US Open Partners with Kalshi for Last-Minute Deal, Officially Introducing Prediction Market

Are Stablecoins Really "Stable"? Considering Redemption, Settlement, and Revenue Structures ("So That's How It Is Blockchain Ep.15" Yoshihiko Uchida, Yuya Sakai, Shinya Otsuga)

The Short Squeeze Logic of Meme Stocks Moves from NYSE to the Robinhood Chain

Sui to Host 'Basecamp 2026' in Singapore, Highlighting Agentic Economy

Thailand SEC seeks rules for retail crypto derivatives

MetaPlanet CEO: "The First Bitcoin Cycle in Asia Has Already Begun"

Circle to Feature USDC Logo on Chelsea FC Jerseys Starting in the 2026/27 Season
![[ETH Letter] Ethereum's Upcoming Upgrade 'Hegota' Scope Confirmed](/public-static/33_70806c0ee0.png?format=avif)
[ETH Letter] Ethereum's Upcoming Upgrade 'Hegota' Scope Confirmed

DeFi Development prices $19.8M CHAD stock offering

Robinhood Chain's DEX Volume Reaches Record Approximately 140 Billion Yen in One Day

$1.8 Million Acquisition of Nasdaq Shell Company: Rune Aims to Explode Shorts with Meme Coin











