๐ฆ The Bank for International Settlements just called out stablecoins โ labeling them "unreliable money."
According to BIS, stablecoins miss the mark on key money traits: unity, elasticity, and integrity โ๏ธโ
They also warn about risks on public blockchains, where stablecoins could fuel financial crime and dodge sanctions ๐ต๏ธโโ๏ธโ ๏ธ
But itโs not all doom โ BIS sees tokenization as a complement to traditional finance, not a full replacement ๐๐ก
The future of money might be complex, but the conversation is just heating up.