CryptoBearishThe Block · 3h ago7/10
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BIS says stablecoins act more like ETFs than money, warns of fragmentation without global rules: report
The Bank for International Settlements (BIS) has characterized stablecoins as more similar to exchange-traded funds than traditional money, and has issued a warning that the $300 billion stablecoin market requires coordinated global regulatory frameworks to prevent fragmentation and systemic risks.
