Morning Edition · Saturday, June 27, 2026Published at 6:26 AM EDT · New York
Research from the Bank for International Settlements places private dollar tokens closer to sovereign funding than the payments debate suggests.

The conversation about stablecoins has largely treated them as a payments story. New research from the Bank for International Settlements (BIS) reframes them as a funding-market story, arguing that private dollar tokens now sit close enough…
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