Stablecoins Still Aren’t Credible Money at Scale
Key Takeaways Pablo Hernández de Cos flagged four failures in stablecoins during his Jackson Hole address. Global stablecoin supply has climbed to $308B as of this month. De Cos urged central banks to prioritize tokenized deposits over stablecoins as part of his commentary. A Blunt Verdict From Basel The BIS is the institution central bankers…
