BIS says stablecoins aren’t real money. Here’s why

Scott Melker breaks down the Bank for International Settlements’ (BIS) latest assessment of stablecoins, including why the organization argues they are not true forms of money and are more comparable to investment products like ETFs. “The Daily Wolf with Scott Melker” airs every day at 12:00 p.m. Tune in for your daily dose of all things crypto. Make sure to also check out Yahoo Finance’s new crypto hub to find the latest crypto-related news.

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