BIS report: Stablecoins aren't money, calling them "digital bearer instruments." They cite issues with stability & integrity, and vulnerability to money laundering. BIS advocates for limited, regulated use. While praising tokenization, crypto community criticizes the report as biased from central banks. $USDC saw a dip.
Discussion
advocates instruments." money dip. them with saw integrity, vulnerability and $USDC from aren't for as calling cite community money, central regulated They limited, Stablecoins stability report the report: biased BIS & "digital bearer use. a While laundering. issues criticizes BIS crypto banks. praising to tokenization,