https://www.live-feeds.com/feed/stablecoins-not-a-credible-means-of-payment-at-scale-bis-chief-saysContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/stablecoins-not-a-credible-means-of-payment-at-scale-bis-chief-sayshttps://www.live-feeds.com/feed/stablecoins-not-a-credible-means-of-payment-at-scale-bis-chief-says#u54374Wed, 02 Sep 2026 04:30:35 +0000Bank for International Settlements chief Pablo Hernandez de Cos argues stablecoins cannot function as a credible means of payment at scale and may increase bank funding costs. He advocates for tokenized deposits as a superior alternative. Tether CEO Paolo Ardoino disputes this, claiming stablecoins are safer than tokenized bank deposits. Tether is actively challenging the BIS position, citing its reserves as part of its defense.Why it mattersThe debate centers on whether private stablecoins or bank-led tokenized deposits should provide the infrastructure for digital payments. This conflict pit https://www.live-feeds.com/feed/stablecoins-not-a-credible-means-of-payment-at-scale-bis-chief-sayshttps://www.live-feeds.com/feed/stablecoins-not-a-credible-means-of-payment-at-scale-bis-chief-says#u52748Mon, 31 Aug 2026 05:05:58 +0000The Bank for International Settlements (BIS) chief, Pablo Hernández de Cos, states that stablecoins are not a credible means of payment at scale. He suggests that tokenized deposits are a safer payment rail. This view is supported by multiple sources, including Reuters and news.bitcoin.com. The BIS's stance is that stablecoins fail as real money at scale.Why it mattersThe BIS's comments on stablecoins come as banks move forward with their own stablecoin plans. The discussion around stablecoins and tokenized deposits is significant because it relates to the future of payments and the