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BIS Warns Stablecoins Could Fragment Global Money System

2026-06-29 17:39:38

Abstract generation in progress

The BIS warned that the roughly $316 billion stablecoin market risks fragmenting the global monetary system. The institution urged faster work on tokenized central bank money and tokenized commercial bank money. The BIS also criticized public blockchains such as Bitcoin and Ethereum as unsuitable foundations for systemically important financial infrastructure.

BTC1.12%

ETH2.97%

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