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Stablecoins fail payment credibility test, BIS says
BIS chief Pablo Hernández de Cos says stablecoins lack credibility for payments at scale and favors tokenized bank deposits for daily use.
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Browse retained market reporting from the past 30 days.


Crypto news
BIS chief Pablo Hernández de Cos says stablecoins lack credibility for payments at scale and favors tokenized bank deposits for daily use.

Crypto Economy
DAOs are increasingly treating treasury management as an operating-finance function rather than simply holding native tokens. Diversifying into stablecoins, ETH and yield-generating strategies can create liquidity for expenses while reducing forced token sales.

Cointribune
Stablecoins find themselves at the center of a new showdown between community banks and the crypto sector. Today, in the United States, the review of the CLARITY Act reignites opposition around the yields associated with these digital assets.

Crypto Briefing
The rapid growth of tokenized assets and stablecoins highlights a transformative shift in financial markets, prompting new regulatory and liquidity challenges. Binance's CZ admits underestimating growth of real-world assets.

Bitcoin
Community banks are leading the opposition to the CLARITY Act, stressing that there is no middle ground on the stablecoin yield issue. Rebeca Romero Rainey, president and CEO of Independent Community Bankers of America, said that this so-called “loophole” had to be “closed entirely.

Tokenpost
Swift is accelerating its blockchain strategy as stablecoins and tokenized deposits reshape the global cross-border payments market, raising questions about whether the 53-year-old financial messaging network can maintain its dominant role. Blockchain payment networks promise faster, cheaper and round-the-clock settlement, potentially reducing dependence on traditional correspondent banking.

The Currency Analytics
Pablo Hernández de Cos doesn't mince words.

Coindesk
AI agents are coming. They will need to pay each other.

Cointribune
Stablecoins do not constitute a credible means of large-scale payment, decided Pablo Hernández de Cos, head of the BIS, on Friday. Before the Jackson Hole symposium on August 28, he preferred tokenized bank deposits.

The Currency Analytics
Pablo Hernández de Cos didn't mince words.

Crypto Economy
Stablecoins are becoming a serious payment rail, with adjusted transaction volume on track to exceed $10 trillion in 2025. PayFi uses stablecoins and smart contracts to reduce reliance on correspondent banks and automate payments.

Coinspress
BIS chief Pablo Hernández de Cos says stablecoins could reshape bank funding and Treasury demand but remain ill-suited to everyday payments at scale.

Cryptopolitan
Despite the opinion expressed by the head of the Bank for International Settlements (BIS) that stablecoins do not qualify as money on a large scale, the largest banks in the world are shifting financial settlement and regular transactions to publicly accessible blockchains.

Cointelegraph
BIS chief Pablo Hernández de Cos said stablecoins lack credibility for payments at scale, while a new FSI study highlights sharp differences in issuer rules.

Crypto Briefing
Tokenized deposits could reshape financial systems by enhancing stability and compliance, potentially impacting global monetary sovereignty and banking. BIS chief says stablecoins lack credibility for large-scale payments, pushes tokenized deposits instead.

Crypto Economy
Crypto exchange Bybit scheduled the launch of stock perpetual options contracts for September 17, 2026, at 20:00 UTC. The first assets available under this framework will be SpaceX (SPCX) and Nvidia (NVDA), featuring USDT settlement and fractional lot support.

Crypto Briefing
The integration of stablecoin payments for AI agents could revolutionize machine-to-machine commerce by reducing costs and simplifying transactions. Zerion API integrates with AgentCash for stablecoin payments, letting AI agents pay per call.

Crypto Briefing
Sky's rapid market cap growth highlights its rising influence in the stablecoin sector, signaling increased institutional trust and adoption. Sky adds $110M in stablecoin market cap in 24 hours, outpacing every other issuer.

Crypto Briefing
AI-driven micropayments via x402 could revolutionize digital transactions, boosting stablecoin demand and reshaping financial ecosystems. AI agents execute 23M stablecoin transfers via x402 protocol in 30 days.

PYMNTS
Interoperability is what the financial space has touted as a prerequisite for stablecoins to reach commercial scale. But, at the same time, the banks, card networks, stablecoin issuers, blockchain operators and infrastructure providers all building that interoperability are each simultaneously competing to control the layer through which digital money is routed, converted, settled and governed.