BIS Warns on Stablecoin Risks, Urges Global Coordination
BIS general manager Pablo Hernández de Cos warns that dollar-backed stablecoins could threaten financial stability and calls for stronger global regulatory coordination.
BIS general manager Pablo Hernández de Cos warns that dollar-backed stablecoins could threaten financial stability and calls for stronger global regulatory coordination.
The ECB’s latest bulletin backs a cautious move to tokenized assets, bonds, MMFs and euro stablecoins, stressing central bank money, interoperability and robust regulation as preconditions.
ECB staff paper finds governance in Aave, MakerDAO, Ampleforth and Uniswap is dominated by a few large holders and opaque delegates, complicating MiCA’s DeFi approach.
The ECB's Piero Cipollone says the central bank aims to finalize a digital euro rulebook by the summer.
Tokenized deposits and stablecoins need central bank money as a settlement tool for scalability across Europe, according to a member of the European Central Bank.
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