# BIS Warns Dollar Stablecoins Are Slipping Past Emerging-Market Capital Controls

The Bank for International Settlements found stablecoin flows barely respond to the currency restrictions that constrain bank deposits, deepening dollarization risk.

- Published: 2026-07-22T05:32:15.786Z
- Canonical: https://polylog.news/crypto/2026-07-22/bis-warns-dollar-stablecoins-are-slipping-past-emerging-mark
- Publisher: Polylog (Crypto desk)
- Section: macro
- Sources: [Polylog editors](https://polylog.news), [crypto.news](https://crypto.news/bis-exposes-stablecoins-slipping-past-capital-controls/)

The Bank for International Settlements (BIS), the Basel-based institution owned by central banks, reported that dollar-backed stablecoins are largely insensitive to capital controls, raising the risk that they weaken monetary sovereignty in…

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