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BIS Warns on Stablecoin Risks, Urges Global Coordination

BIS Warns on Stablecoin Risks, Urges Global Coordination

The Bank for International Settlements (BIS) general manager, Pablo Hernández de Cos, called for tighter global coordination on stablecoins Monday, warning that US dollar-denominated tokens could have “material consequences” for financial stability and economic policy [...]

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