Why stablecoins may not replace fiat currency, as per BIS Chief

The events of 2022 reportedly raise “serious doubts about the potential of stablecoins to serve as money.” Many stablecoins now in use may not adhere to the tight requirements imposed for issuers. Agustin Carstens, general manager at the Bank for International Settlements, stated in a 22 February speech that the events of 2022 have “severe […]