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Unregulated stablecoins pose risk to financial stability, BIS adviser warns

Hyun Song Shin, Economic Adviser and Head of the Monetary and Economic Department at the BIS.
Hyun Song Shin. Photo: Pier Marco Tacca/Getty Images

Hameed Shuja

2 min read
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Senior adviser at the Bank for International Settlements says the digital asset cannot yet replace traditional money.

A top executive at the Bank for International Settlements (BIS) has warned that stablecoins, despite their potential to play a vital role in the future of financial systems, pose a risk to financial stability and market integrity if not regulated properly.

Hyun Song Shin, Economic Adviser and Head of the

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