BIS Report Questions Whether Stablecoins, CBDCs Can Create Risks in Developing Countries

BIS Report Questions Whether Stablecoins, CBDCs Can Create Risks in Developing Countries

The report’s authors question whether stablecoins could “offer lasting competitive advantages over rapidly developing, evolving digital payment services,” including digital ID, e-money and mobile banking. They add that stablecoins could generate new risks related to such issues as governance, efficiency in payment processes, consumer protection and data privacy. Source link