CPMI Report Says Central Bank Money Remains Anchor of Trust in Stablecoin Era

TLDR A BIS committee published a report on Oct. 29 outlining four central bank roles in a changing payments system. The four roles are issuer, operator, overseer and catalyst. The report calls central bank money the “anchor of trust” for settling payments. Stablecoins and tokenized deposits may improve efficiency but could also spread new risks. The report calls for strong international cooperation, since policies may differ by country. The Committee on Payments and Market Infrastructures (CPMI) published a new report on Oct. 29.