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The Bank of International Settlements (BIS) has expressed skepticism about the reliability of stablecoins as a store of value. BIS Boss Agustín Carstens insists that central bank digital currencies (CBDCs) will 'secure the future monetary system.' The study from Circle finds that speculative use of stablecoins is decreasing. CBDCs have the potential to be paired with strict reserve requirements for commercial banks, creating a theoretical framework for inflation control and enhancing payment system convenience, flexibility, and efficiency, contributing to increased financial inclusion, especially in Latin America and the Caribbean. 24 central banks are set to have CBDCs by 2030, promising a more efficient, safer, and inclusive financial system.
Well-designed CBDCs have the potential to enhance #payment system convenience, flexibility, and efficiency, contributing to increased #financial inclusion, especially in Latin America and the Caribbean, mention Sauradeep Bag https://t.co/R97DXiV8CD
The #data collected through CBDCs has the potential to be paired with strict reserve requirements for commercial #banks, creating a theoretical framework for #inflation control, writes Sauradeep Bag https://t.co/R97DXiVGsb
The study from @circle finds that speculative use of stablecoins is decreasing https://t.co/MKleRExBe2 https://t.co/WV7g9tvsbB
It's a big deal when a stablecoin becomes depegged. Yet there isn't a clear consensus on what precisely that means, @emilyjnicolle writes https://t.co/HXZSbSBII6
It's a big deal when a stablecoin becomes depegged. Yet there isn't a clear consensus on what precisely that means, @emilyjnicolle writes https://t.co/EUc0UCllZJ
It's a big deal when a stablecoin becomes depegged. Yet there isn't a clear consensus on what precisely that means, @emilyjnicolle writes https://t.co/WuPtGAMpHx
24 central banks are set to have #CBDCs by 2030, promising a more efficient, safer and inclusive financial system. Explore the #issuance, #management, and distribution of #digitalcurrencies with R3’s Digital Currency Accelerator. Get started today: https://t.co/Ijudy45Anh https://t.co/ylqsG9NyDx
The #data collected through CBDCs has the potential to be paired with strict reserve requirements for commercial #banks, creating a theoretical framework for #inflation control, writes Sauradeep Bag https://t.co/R97DXiV8CD
How stable are stablecoins? Not very says the BIS https://t.co/JHdAflG2jj
While Challenges Remain, BIS Boss Agustín Carstens Insists #CBDCs Will ‘Secure the Future Monetary System’ https://t.co/aM2mJG1NAB
The Bank of International Settlements (BIS) has expressed skepticism about the reliability of stablecoins as a store of value. https://t.co/2P9VnOdifH