RWATimes on Nostr: 📰 At Jackson Hole, the BIS Head Said Stablecoins Fail Every Test of Money. Banks ...
📰 At Jackson Hole, the BIS Head Said Stablecoins Fail Every Test of Money. Banks Are Building Them Anyway.
🗓️ Aug 29 2026 15:22 UTC - Nolan Pratt
BIS General Manager Agustín Carstens laid out a three-test framework for sound money at Jackson Hole — and argued stablecoins fail all three. Meanwhile, twelve major banks are building one on public chains.
➤ BIS General Manager Agustín Carstens criticized stablecoins at Jackson Hole, stating they fail key tests for sound money (singleness, interoperability, integrity).
➤ He advocated for tokenized deposits as a superior alternative, supported by initiatives like BIS's Project Agorá.
➤ Despite BIS's stance, a consortium of twelve major banks is building a stablecoin on public chains, indicating a divergence between regulators and industry development.
#stablecoins #bis #tokenizeddeposits #jacksonhole #agustincarstens #soundmoney #publicchains #geniusact #monetarysystem
🔗 Read more at:
https://rwatimes.io/articles/forkast-at-jackson-hole-the-bis-head-said-stablecoins-fail-every-test-of-money-banks-are-building-them-anyway-1003195773Published at
2026-08-29 22:04:26 UTCEvent JSON
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"content": "📰 At Jackson Hole, the BIS Head Said Stablecoins Fail Every Test of Money. Banks Are Building Them Anyway.\n🗓️ Aug 29 2026 15:22 UTC - Nolan Pratt\n\nBIS General Manager Agustín Carstens laid out a three-test framework for sound money at Jackson Hole — and argued stablecoins fail all three. Meanwhile, twelve major banks are building one on public chains.\n\n➤ BIS General Manager Agustín Carstens criticized stablecoins at Jackson Hole, stating they fail key tests for sound money (singleness, interoperability, integrity).\n➤ He advocated for tokenized deposits as a superior alternative, supported by initiatives like BIS's Project Agorá.\n➤ Despite BIS's stance, a consortium of twelve major banks is building a stablecoin on public chains, indicating a divergence between regulators and industry development.\n\n#stablecoins #bis #tokenizeddeposits #jacksonhole #agustincarstens #soundmoney #publicchains #geniusact #monetarysystem\n\n🔗 Read more at: https://rwatimes.io/articles/forkast-at-jackson-hole-the-bis-head-said-stablecoins-fail-every-test-of-money-banks-are-building-them-anyway-1003195773",
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