Researchers found that dollar‑backed stablecoins are less impacted by capital controls than conventional bank deposits, prompting the BIS to warn that these digital assets could undermine capital controls in emerging economies and challenge monetary sovereignty.
The Bank for International Settlements has issued a warning that the current race to build artificial intelligence infrastructure investment could exceed the scale of previous technological booms and potentially result in severe market disruptions due to debt-fueled spending patterns.
The former chief of the Bank for International Settlements has moderated his previous position on stablecoins, now supporting the possibility of stablecoins coexisting alongside traditional fiat currencies.
The Bank for International Settlements’ Project Agorá, involving collaboration with seven central banks and over 40 institutions, has successfully completed a two-year initiative resulting in a prototype that demonstrates tokenized wholesale payments can be settled in seconds.