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The new report of banks for International Settlements (BIS) has questioned the long -term role of Stablecoins in the global financial system and claimed that they do not reach three basic criteria for functioning as real money.
BIS, which serves as a coordination body for central banks around the world, published on Tuesday its annual economic report 2025 and emphasized concerns about the structure, stability and integrity of Stablecoins.
BIS warns that stablecoins lack singleness, elasticity and integrity
According to In the Stablecoins report, Singleness, Elasticity and Integrity standards do not meet the standards. These are the basic features that BIS says are necessary for any tool that hopes to support a modern monetary system.
“Stablecoins are not well opposed to the three desired characteristics of sound cash arrangements and therefore cannot be the basis of the future monetary system,” the report said.
The authors acknowledged that stablecoins had certain advantages. These include programmability, pseudonymity and easy use. Their structure also offers faster and cheaper transactions, especially for cross -border payments.
However, BIS concluded that these benefits are balanced by risks, especially compared to the money issued by central banks and regulated financial institutions.
“Unlike the money supported by the central bank, which is accepted on par and do not require background checks, stablecoins are issued by private entities and can trade for fluctuating values,” the report said.
This undermines the idea of Singleness, the idea that money should have a uniform value throughout the system.
As far as elasticity is concerned, BIS claimed that stablecoins cannot respond to shocks or increase in demand in the same way as the money of the central bank.
“Any additional range of stablecoins requires the holder full in advance,” the message noted, describing it as “strict cash settings”.
On the other hand, traditional banking systems rely on central banks to insert liquidity at the time of stress.
The third test, integrity, has taken the strongest concern. The report quoted the potential for stablecoins, especially those held in unlimited walkers to be used for illegal activities.
“Stablecoins have significant shortcomings in support of the integrity of the monetary system,” BIS wrote, referring to their susceptibility to money laundering, financing terrorists and sanctions.
Yet the BIS acknowledged that the demand for stablekoines persists, especially in countries with high inflation or limited access to US dollars. However, they insisted that their role should be strictly limited and strongly regulated.
“Society can again learn historical lessons about limiting unhealthy money,” the authors warned. “The courageous event of central banks and other public bodies can push through the financial system along the right journey.”
The report caused market waves. Shares of Circle, USDC issuer, fell 15% on Tuesday after BIS release. Circle shares reached a maximum of $ 299 on Monday, but after the publication they dropped to $ 222.
While the BIS was critical of the Stablecoins, it took a more optimistic view of the tokenization. The report described it as a “transformative innovation” that could strengthen the financial infrastructure by building on existing systems.
The response to the report was mixed. Some in the crypt community released Findings as predictable. “BIS is hysterical in its opposition to crypto,” said Jim Walker, the chief economist of Aletheia Capital.
He claimed that calling a central bank that supports a key money requirement was “ridiculous” due to past cash failures.
The BIS report increases the growing control control of stablecoins around the world.
Although their use continues to grow, especially in developing markets, the BIS report is clear: Stablecoins are not ready to replace traditional money and never have to be.
Despite the BIS criticism, the dynamics of stablecoin grows
While Bank for International Settlements (BIS) continues to warn of integrating stablecoins into traditional financing, a global appetite for these digital dollars tells a different story.
In 2025, the market limit of Stablecoin Market increased to $ 228 billion, with USDT and USDC increasing the growth of $ 33 billion.#Stablecoins #Defi https://t.co/y68wxwuzm6
– Cryptonews.com (@cryptonews) June 13, 2025
Stable Now exceeds $ 150 billionWith increasing institutional and retail use. In 2024, Stablecoins Even briefly overtaken the visa in the volume of the transactionA milestone who signaled how seriously the payment giants would move.
The main corporations such as Amazon and Walmart reportedly explored Stablecoin -based systems and increased pressure on inheritance providers such as Visa and MasterCard.
Meanwhile is ripple Preparing to enter a space with your own US dollar -based stablecoinwill intensify the competition.
The Genius Act has been approved – but experts claim that stablecoins have the potential to harm the global economy #Crypto #Theter #Ring #Usdt #Usdchttps://t.co/nwgb63iv2m
– Cryptonews.com (@cryptonews) June 19, 2025
Senate has recently passed The Genius ActA bill, which aims to create a regulatory framework for stablecoins. If he was released in the house, he could turn the US into a global digital assets center supported by a dollar.
Even President Donald Trump has Displayed legislation support.
As stablecoins make penetration, platforms like Coinbase and Jpmorgan builds an infrastructure for cryptorotive payments and Nearly 90% of financial institutions Now they use or examine the integration of stablecoin.
Despite the BIS skepticism, the momentum of stablecoins continues to be built, with regulation, innovation and adoption controls another phase.
Contribution Stablecoins fail BIS “three key tests” because the new report warns of financial risks He appeared for the first time Cryptonews.
