๐Ÿฆ 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 โš–๏ธโŒ

They also warn about risks on public blockchains, where stablecoins could fuel financial crime and dodge sanctions ๐Ÿ•ต๏ธโ€โ™‚๏ธโš ๏ธ

But itโ€™s not all doom โ€” BIS sees tokenization as a complement to traditional finance, not a full replacement ๐Ÿ”„๐Ÿ’ก

The future of money might be complex, but the conversation is just heating up.