BIS: Stablecoins do not yet possess monetary attributes, warning emerging markets of the risks of "stablecoin dollarization."
According to The Block, the Bank for International Settlements (BIS) pointed out in its "2026 Annual Economic Report" that current stablecoins do not meet monetary standards in terms of singularity, resilience, interoperability, and integrity, and their operational model is closer to ETFs rather tha...