BIS warns stablecoins are driving de facto digital dollarization in Colombia
- —Over 50% of crypto purchases in Colombia are dollar-pegged stablecoins
- —More than 5.5 million Colombians use crypto assets
- —BIS: digital dollarization weakens monetary policy transmission
- —BIS chief backs tokenized deposits as an institutional alternative
Why it matters: Rising dollar stablecoin adoption in emerging markets pressures central banks and could accelerate regulation of the sector.
Source: DiarioBitcoin