DeepFlow TechFlow news, June 29th, as reported by The Block, the Bank for International Settlements (BIS) stated in its 2026 Economic Report that current stablecoins fail to meet monetary standards across four key dimensions: uniformity, resilience, interoperability, and integrity. Their operational model more closely resembles ETFs rather than payment instruments. The report estimates that even if stablecoin market capitalization expands to $1 to $3 trillion, the net effect on economic output would remain slightly negative, while intensifying pressure on bank funding and weakening credit capacity.
BIS also warns that emerging economies face a risk of “stablecoin dollarization,” which could erode their monetary sovereignty. The report recommends anchoring to central bank money and building an alternative framework—a “unified ledger” encompassing tokenized central bank reserves and commercial bank money—using Project Agora, a cross-border payment prototype, as proof of feasibility.
