Tag · 2 entries
BIS
Every story this desk has filed under BIS, most recent first.
Markets · Stablecoins
The BIS Finds Banks Can Slow Stablecoins by Paying Savers One Basis Point More
A working paper from the Bank for International Settlements links a one basis point rise in US deposit rates to ten-week stablecoin growth falling from 15 percent to 12 percent.
Regulation · United Kingdom
The Bank of England Is Being Given a Legal Duty to Encourage Stablecoins
A bill due before the House of Lords in September would add an innovation mandate to the Bank's remit, covering digital payments and stablecoins. Financial stability remains its primary objective.