#dollarization Tech News.
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AICoinDeskabout 2 hours ago
BIS warns stablecoins create FX riskThe Bank for International Settlements (BIS) argues stablecoins function more like exchange-traded funds than true money, as prices deviate from par and redemptions can be slow. Dollar-pegged stablecoins accelerate dollarization in vulnerable economies, undermining local currencies and evading capital controls.
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