The BIS Annual Economic Report argues stablecoins lack monetary 'singleness' and proposes unified ledgers to integrate tokenization into central banking.

The BIS argues stablecoins need central bank backing to function safely, citing risks to credit supply and monetary policy in its 2026 Annual Economic

The BIS Annual Economic Report argues stablecoins lack monetary 'singleness' and proposes unified ledgers to integrate tokenization into central banking.