BIS's latest annual report dives into stablecoins and AI trends. The Bank for International Settlements (BIS) argues that stablecoins function more like exchange-traded funds than true money, as their prices often deviate from par and redemptions can be slow or uncertain. Stablecoin transfers "settle neither directly nor indirectly on central bank balance sheets," and "they cannot currently ensure exchange at par across issuers and blockchains under all conditions," BIS said. The report wa…
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