BIS President Pablo Hernández de Cos told the Jackson Hole Economic Policy Symposium that stablecoins do not amount to a credible large-scale payment method, as the Federal Reserve puts crypto on the event's official agenda for the first time.
BIS President Pablo Hernández de Cos said at the Jackson Hole Economic Policy Symposium that stablecoins are not a credible means of large-scale payment, according to Techub News.
The comment follows the Federal Reserve's move to include cryptocurrencies and stablecoins on the official agenda of the annual conference for the first time.
(Reporting via Wu Blockchain)
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
