Political Economy
The impact of stablecoins on the international monetary and financial system
- Author / institution
- Iñaki Aldasoro, Jon Frost e Hiro Ito
- Year
- 2026
- Publication type
- Report
- Published in
- BIS Papers nº 170
Report2026Why it is in the Library
Central to the debate on the monetary sovereignty of peripheral countries. Cited in “Bitcoin and the question of sovereignty”.
About the work
The paper examines the channels through which stablecoins pegged to strong currencies can influence capital flows, dollarization and countries' ability to conduct monetary policy.
Themes
Bibliographic reference
ALDASORO, Iñaki; FROST, Jon; ITO, Hiro. The impact of stablecoins on the international monetary and financial system. BIS Papers, n. 170. Basel: Bank for International Settlements, 2026.
Cited in the Magazine
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