Battle Line Drawn: BIS Says Stablecoins Fail As Money
Trump's EO issued on January 25, 2025, states, "The order prohibits federal agencies from establishing, issuing, or promoting CBDCs in the U.S. or abroad, and requires the termination of related initiatives." The BIS is now at loggerheads with Trump and his stablecoin vigilantes. The BIS says that stablecoins resemble “digital bearer instruments" that resemble financial assets more than money.
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