BIS Warns Current Stablecoins Threaten Global Financial Stability

Today’s stablecoins have structural flaws that could impact macroeconomic and financial stability if the technology is more widely adopted, the Bank for International Settlements (BIS) said in a Tuesday (June 23) press release , outlining findings from the soon-to-be-released BIS Annual Economic Report 2026. In their current form, stablecoins lack the ability to redeem different forms of money exactly at par in exchange for central bank money; have design features that lack protection against fi