BIS report warns: Stable coins do not exist 'three decisive tests' as money and increase financial risks-caution for currency systems.

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Stablecoins und ihre Herausforderungen: Eine Analyse des BIS-Berichts Der jüngste Bericht des Bank for International Settlements (BIS) kommt zu dem Schluss, dass Stablecoins in drei wesentlichen Aspekten als Geld nicht bestanden haben. Diese Erkenntnisse werfen ein Schlaglicht auf die potenziellen finanziellen Risiken, die mit Stablecoins verbunden sind, und fordern eine überlegte Herangehensweise an deren Integration …
Stablecoins and their challenges: An analysis of the BIS report The latest report by the Bank for International Settlements (up) comes to the conclusion that stable coins have not existed in three essential aspects. These findings are highlighting the potential financial risks associated with stable coins, and call for a thoughtful approach to their integration ... (Symbolbild/KNAT)

StableCoins and their challenges: An analysis of the BIS report

The latest report by the Bank for International Settlements (bis) comes to the conclusion that stable coins have not existed in three essential aspects as money. These findings have a highlight of the potential financial risks associated with stable coins, and call for a thoughtful approach to their integration into the monetary systems.

A central result of the report is that stable coins in their function as a means of payment, value preservatives and computing unit do not meet the traditional criteria for money. This could lead to uncertainties and instabilities in the financial systems if stable coins are not strictly regulated.

The critical points that the report emphasizes relate to the stability of the underlying values, the transparency of the issuers and the integrity of the underlying technologies. It is feared that defects in these areas could endanger the trust of users and investors.

In view of these risks, the authors of the BIS report recommend that regulatory authorities and political decision-makers exercise caution. The creation of a stable and trustworthy environment for digital currencies is of crucial importance to use the advantages of stable coins without endangering the integrity and stability of the financial systems.

Overall, the report of the BIS shows that despite the potential of stable coins, there is an urgent need for action to create innovative financial solutions in order to address the existing challenges. It is essential that developments in this sector are closely monitored to minimize both the risks and to maximize the opportunities.