BIS Warns Stablecoin Rise Could Trigger Global Bank Crisis

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Story Highlights* BIS warns US dollar stablecoins could disrupt banks and financial systems if growth continues unchecked globally.

  • Pablo Hernández de Cos says stablecoins behave more like ETFs than cash, raising structural concerns.
  • Rapid withdrawals from stablecoins could trigger market stress and force asset sales, impacting banks.
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