BIS Chief Prefers Tokenized Deposits Over Stablecoins
Pablo Hernández de Cos, General Manager of the Bank for International Settlements (BIS), reportedly favors tokenized deposits over stablecoins. The BIS is an international financial institution owned by members' central banks and plays a key role in global monetary cooperation. De Cos made his comments during remarks at the Federal Reserve's event, where he outlined potential advantages of tokenized deposits as compared to existing stablecoin frameworks. His preference reflects broader discussions within central banking about how digital currencies can be structured for stability, regulatory compliance, and financial inclusion. The statement highlights ongoing debates around the future architecture of digital money systems and may influence policy directions in major economies.
Topics: BIS central banking tokenized assets