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HomeBusinessStablecoins not a credible means of payment at scale, BIS chief says

Stablecoins not a credible means of payment at scale, BIS chief says

JACKSON HOLE, Wyoming, Aug 28: Stablecoins do not credibly function as a means of payment at scale and tokenized deposits offer a more compelling case to harness the benefits of this new technology, said the chief of the Bank for International Settlements, a central bank umbrella group. Stablecoins are a typ

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