Category: 28 April 2026

Home 28 April 2026
The image displays a hand holding the text "Stable Coin" overlaid on a blurred graphic representing digital finance.
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DOLLAR STABLECOINS THREATEN EMERGING NATIONS, BIS CHIEF WARNS

Stablecoins denominated in U.S. dollars are increasingly being used as the medium of exchange in international trade – a shift that risks the “dollarization” of emerging economies, weakens their ability to control their money flows, and leaves them vulnerable to criminal activity, Pierre Hernandex de Cos, general manager of the Bank for International Settlements (BIS), said in a 20 April speech.