BIS says stablecoins act more like ETFs than money, warns of fragmentation without global rules: report

The BIS warned stablecoins resemble ETFs, not money, and called for global rules to prevent fragmentation across the $300 billion market.

Apr 20, 2026 - 19:00
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BIS says stablecoins act more like ETFs than money, warns of fragmentation without global rules: report
The BIS warned stablecoins resemble ETFs, not money, and called for global rules to prevent fragmentation across the $300 billion market.

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