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BIS Says Stablecoins Fall Short as Money in Annual Report; Total Supply Hits $320 Billion

Industry Reports Regulation & Policy

2026-06-28 23:04:52

USDC0.01%

According to BIS Annual Economic Report 2026 released on Sunday, the Bank for International Settlements argued that stablecoins do not measure up as money, falling short on singleness, elasticity, interoperability, and integrity. The report compared stablecoins to exchange-traded funds rather than a means of payment, citing secondary market price deviations and redemption friction.

As of May, total stablecoin market value stood at roughly $320 billion, with over 99% of fiat-backed supply pegged to the U.S. dollar. USDT and USDC dominated the market.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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