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BIS Chief Questions Stablecoins' Credibility as Payment Method on Friday
According to Reuters, BIS General Manager Pablo Hernández de Cos questioned stablecoins' credibility as a means of payment at scale on Friday, arguing that tokenized bank deposits offer a stronger alternative. De Cos said tokenized deposits provide a more direct path to harness tokenization while preserving the monetary system's foundations. A study from the BIS-linked Financial Stability Institute published Thursday compared stablecoin regulations across the US, European Union, United Kingdom,
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