The Bank for International Settlements—the bank for the world’s central banks—used its 2026 report to deliver the bluntest institutional verdict yet on the market: stablecoins borrow blockchain’s conv
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Twitter / XThe Bank for International Settlements—the bank for the world’s central banks—used its 2026 report to deliver the bluntest institutional verdict yet on the market: stablecoins borrow blockchain’s convopen.substack.comThe Bank for International Settlements—the bank for the world’s central banks—used its 2026 report to deliver the bluntest institutional verdict yet on the market: stablecoins borrow blockchain’s conveniences without the institutional foundations that make money trustworthy. Scaled up in their current form, the BIS warns, they import fresh risk rather than retire it.
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