Tag: bis

BIS warns about stablecoins: “no issuer can honor withdrawals”

BIS warns about stablecoins: “no issuer can honor withdrawals”

The Bank for International Settlements (BIS) published a 29-page report on stablecoins last week. The BIS is known as the “Central Bank of Central Banks” and warns about the dangers of this asset class. As a highlight, the organization mentions that there is no guarantee that stablecoin issuers will be able to honor refund requests […]

\