BIS white papers: the impact of stablecoins on the international monetary and financial system

BIS white papers: the impact of stablecoins on the international monetary and financial system

This paper examines how stablecoins could affect the international role of currencies, with particular emphasis on implications for emerging market and developing economies (EMDEs). Stablecoins are privately issued digital tokens designed to maintain a stable value relative to a reference asset, most commonly a sovereign currency. Since their emergence in 2014, they have evolved from […]

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