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Stablecoins are growing fast, but the BIS is still questioning whether they can support payments at a truly large scale.
BIS General Manager Pablo Hernández de Cos says current stablecoins face challenges around trust, interoperability, financial integrity and maintaining a consistent value across different platforms.
His alternative? Tokenized bank deposits.
The BIS believes they could bring the speed and programmability of blockchain while remaining connected to the existing banking system and central bank money.
The message is clear: the future of digital money may not be about choosing stablecoins or tokenized deposits.
Both could coexist but their roles may be very different.
#Gate7DayNetInflowsTop3 #NVIDIAEarnings