The Committee on Payment and Market Infrastructures (CPMI), which sets norms for the sector for the Bank for International Settlements, said stablecoins could “open up opportunities” for cross-border transfers by speeding up transactions and lowering costs, as proponents claim, but potential drawbacks would probably outweigh the benefits.
Stablecoin Drawbacks in Cross-Border Use Outweigh Benefits, Payments Standard-Setter CPMI Says
