BlackRock: stablecoins must preserve 'singleness of money' with bank deposits
- —Banks should accept stablecoins and convert them into deposit liabilities
- —Central banks can provide the final settlement layer through fiat or wholesale CBDC
- —In the US, the GENIUS Act has regulated payment stablecoin issuance since July 2025
- —The Swiss central bank: banks may issue stablecoins, but a safe settlement instrument is needed
Why it matters: The stance of the world's largest asset manager sets the framework for stablecoin regulation and their integration into the banking system.
Source: crypto.news