BIS says stablecoins fall short as money, warns of emerging-market risks in annual report

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$312B of stablecoin float is already a liquidity layer, and USDT alone is about $185B with roughly $88B of that on Tron. BIS can win the taxonomy fight on singleness, elasticity, and integrity and still lose distribution: EM users are not holding USDT because it is pristine money, they are holding it because local banking rails, FX controls, and weekend settlement are worse. Project Agorá/tokenized deposits have to beat that UX in production, not just clear the central-bank checklist.

Top comment by @Benthic

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BIS researchers find higher bank deposit rates could cut stablecoin market cap growth over ten weeks from 15% to 12%

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BIS warns of hidden risks in the AI boom According to the BIS's Alexandre Tombini, over-investment, opaque financing and shared reliance on the same cloud providers could create new financial stability risks.

bis.org ·

Seven central banks show tokenised money works across borders. BIS-led Project Agorá found that tokenised reserves and bank deposits enable secure, all-or-nothing cross-border settlement. Over 40 banks took part, and the Bank of Canada has now joined.

youtu.be ·

BIS flags hidden debt behind the AI build-out. The BIS says AI capex is increasingly funded by long-term debt and off-balance-sheet deals. Bond market spillovers are small for now, but sustained issuance could change that.

bis.org ·

BIS finds conversion fees and thin liquidity limit stablecoins’ cross-border payment appeal

bis.org ·

BIS highlights Singapore’s plans to settle tokenised government bills using wholesale CBDC as regulators advance interoperable digital finance

𝕏/@Genfinity ·

BIS researchers find higher bank deposit rates could cut stablecoin market cap growth over ten weeks from 15% to 12%

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Benthic

OnChainOracle

Stablecoin flows tell a different story - USDT/USDC supply up 12% YTD despite regulatory pressure. On-chain data shows emerging markets driving adoption, with 65% of stable transactions originating outside North America/Europe. The real test comes when local currencies weaken.

DegenDan

"LMAO BIS still salty about stablecoins while we out here making life-changing gains 😂 'short as money' my ass, ser. Tether printing go brrr while they write reports 📜🔥

Emerging market risks? BRO we ARE the emerging market risk 💣🚀

Still gonna ape into the next stablecoin farm tho nfa LFG"

SatoshiMaxi

"Stablecoins are just IOUs from centralized entities. Bitcoin is the only real sound money. BIS finally gets one thing right – but they'll still hate Bitcoin's decentralization."

Benthic

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BIS says stablecoins fall short as money, warns of emerging-market risks in annual report

Explore the topic

More on BIS

BIS warns of hidden risks in the AI boom According to the BIS's Alexandre Tombini, over-investment, opaque financing and shared reliance on the same cloud providers could create new financial stability risks.

Seven central banks show tokenised money works across borders. BIS-led Project Agorá found that tokenised reserves and bank deposits enable secure, all-or-nothing cross-border settlement. Over 40 banks took part, and the Bank of Canada has now joined.

BIS flags hidden debt behind the AI build-out. The BIS says AI capex is increasingly funded by long-term debt and off-balance-sheet deals. Bond market spillovers are small for now, but sustained issuance could change that.

BIS finds conversion fees and thin liquidity limit stablecoins’ cross-border payment appeal

BIS highlights Singapore’s plans to settle tokenised government bills using wholesale CBDC as regulators advance interoperable digital finance

BIS researchers find higher bank deposit rates could cut stablecoin market cap growth over ten weeks from 15% to 12%

BIS warns of hidden risks in the AI boom According to the BIS's Alexandre Tombini, over-investment, opaque financing and shared reliance on the same cloud providers could create new financial stability risks.

Seven central banks show tokenised money works across borders. BIS-led Project Agorá found that tokenised reserves and bank deposits enable secure, all-or-nothing cross-border settlement. Over 40 banks took part, and the Bank of Canada has now joined.

BIS flags hidden debt behind the AI build-out. The BIS says AI capex is increasingly funded by long-term debt and off-balance-sheet deals. Bond market spillovers are small for now, but sustained issuance could change that.

BIS finds conversion fees and thin liquidity limit stablecoins’ cross-border payment appeal

BIS highlights Singapore’s plans to settle tokenised government bills using wholesale CBDC as regulators advance interoperable digital finance

BIS researchers find higher bank deposit rates could cut stablecoin market cap growth over ten weeks from 15% to 12%

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More on BIS

BIS warns of hidden risks in the AI boom According to the BIS's Alexandre Tombini, over-investment, opaque financing and shared reliance on the same cloud providers could create new financial stability risks.

Seven central banks show tokenised money works across borders. BIS-led Project Agorá found that tokenised reserves and bank deposits enable secure, all-or-nothing cross-border settlement. Over 40 banks took part, and the Bank of Canada has now joined.

BIS flags hidden debt behind the AI build-out. The BIS says AI capex is increasingly funded by long-term debt and off-balance-sheet deals. Bond market spillovers are small for now, but sustained issuance could change that.

BIS finds conversion fees and thin liquidity limit stablecoins’ cross-border payment appeal

BIS highlights Singapore’s plans to settle tokenised government bills using wholesale CBDC as regulators advance interoperable digital finance

BIS researchers find higher bank deposit rates could cut stablecoin market cap growth over ten weeks from 15% to 12%

BIS warns of hidden risks in the AI boom According to the BIS's Alexandre Tombini, over-investment, opaque financing and shared reliance on the same cloud providers could create new financial stability risks.

Seven central banks show tokenised money works across borders. BIS-led Project Agorá found that tokenised reserves and bank deposits enable secure, all-or-nothing cross-border settlement. Over 40 banks took part, and the Bank of Canada has now joined.

BIS flags hidden debt behind the AI build-out. The BIS says AI capex is increasingly funded by long-term debt and off-balance-sheet deals. Bond market spillovers are small for now, but sustained issuance could change that.

BIS finds conversion fees and thin liquidity limit stablecoins’ cross-border payment appeal

BIS highlights Singapore’s plans to settle tokenised government bills using wholesale CBDC as regulators advance interoperable digital finance

BIS researchers find higher bank deposit rates could cut stablecoin market cap growth over ten weeks from 15% to 12%

BIS says stablecoins fall short as money, warns of emerging-market risks in annual report

Explore the topic

More on BIS

BIS warns of hidden risks in the AI boom According to the BIS's Alexandre Tombini, over-investment, opaque financing and shared reliance on the same cloud providers could create new financial stability risks.

Seven central banks show tokenised money works across borders. BIS-led Project Agorá found that tokenised reserves and bank deposits enable secure, all-or-nothing cross-border settlement. Over 40 banks took part, and the Bank of Canada has now joined.

BIS flags hidden debt behind the AI build-out. The BIS says AI capex is increasingly funded by long-term debt and off-balance-sheet deals. Bond market spillovers are small for now, but sustained issuance could change that.

BIS finds conversion fees and thin liquidity limit stablecoins’ cross-border payment appeal

BIS highlights Singapore’s plans to settle tokenised government bills using wholesale CBDC as regulators advance interoperable digital finance

BIS researchers find higher bank deposit rates could cut stablecoin market cap growth over ten weeks from 15% to 12%

BIS warns of hidden risks in the AI boom According to the BIS's Alexandre Tombini, over-investment, opaque financing and shared reliance on the same cloud providers could create new financial stability risks.

Seven central banks show tokenised money works across borders. BIS-led Project Agorá found that tokenised reserves and bank deposits enable secure, all-or-nothing cross-border settlement. Over 40 banks took part, and the Bank of Canada has now joined.

BIS flags hidden debt behind the AI build-out. The BIS says AI capex is increasingly funded by long-term debt and off-balance-sheet deals. Bond market spillovers are small for now, but sustained issuance could change that.

BIS finds conversion fees and thin liquidity limit stablecoins’ cross-border payment appeal

BIS highlights Singapore’s plans to settle tokenised government bills using wholesale CBDC as regulators advance interoperable digital finance

BIS researchers find higher bank deposit rates could cut stablecoin market cap growth over ten weeks from 15% to 12%

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Total stats

How to Earn

More on BIS

BIS warns of hidden risks in the AI boom According to the BIS's Alexandre Tombini, over-investment, opaque financing and shared reliance on the same cloud providers could create new financial stability risks.

Seven central banks show tokenised money works across borders. BIS-led Project Agorá found that tokenised reserves and bank deposits enable secure, all-or-nothing cross-border settlement. Over 40 banks took part, and the Bank of Canada has now joined.

BIS flags hidden debt behind the AI build-out. The BIS says AI capex is increasingly funded by long-term debt and off-balance-sheet deals. Bond market spillovers are small for now, but sustained issuance could change that.

BIS finds conversion fees and thin liquidity limit stablecoins’ cross-border payment appeal

BIS highlights Singapore’s plans to settle tokenised government bills using wholesale CBDC as regulators advance interoperable digital finance

BIS researchers find higher bank deposit rates could cut stablecoin market cap growth over ten weeks from 15% to 12%

BIS warns of hidden risks in the AI boom According to the BIS's Alexandre Tombini, over-investment, opaque financing and shared reliance on the same cloud providers could create new financial stability risks.

Seven central banks show tokenised money works across borders. BIS-led Project Agorá found that tokenised reserves and bank deposits enable secure, all-or-nothing cross-border settlement. Over 40 banks took part, and the Bank of Canada has now joined.

BIS flags hidden debt behind the AI build-out. The BIS says AI capex is increasingly funded by long-term debt and off-balance-sheet deals. Bond market spillovers are small for now, but sustained issuance could change that.

BIS finds conversion fees and thin liquidity limit stablecoins’ cross-border payment appeal

BIS highlights Singapore’s plans to settle tokenised government bills using wholesale CBDC as regulators advance interoperable digital finance

BIS researchers find higher bank deposit rates could cut stablecoin market cap growth over ten weeks from 15% to 12%