Central Banks Critique Stablecoins and Advocate for Tokenized Ledgers
TL;DR Summary
The article discusses how tokenisation and a unified ledger could transform the next-generation monetary and financial system by improving efficiency, trust, and accessibility, while highlighting the limitations of stablecoins and the importance of central bank reserves to maintain stability and integrity.
Topics:business#finance#financial-innovation#monetary-system#stablecoins#tokenisation#unified-ledger
- III. The next-generation monetary and financial system Bank for International Settlements
- Stablecoins Fall Short as Cornerstone of Monetary System, Central Banks Say WSJ
- Central bank body BIS delivers stark stablecoin warning Reuters
- BIS Says Tokenized Unified Ledger Offers Better Solutions Than Stablecoins PYMNTS.com
- Stablecoins ‘perform poorly’ as money, central banks warn Financial Times
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