As stablecoins chegaram ao ponto de inflexão. Este boletim do BIS analisa riscos, respostas regulatórias e caminhos para integração institucional, alinhando inovação a estabilidade financeira.
A GENIUS Act cria o primeiro marco regulatório federal dos EUA para stablecoins, estabelecendo padrões de reservas, licenciamento e proteção ao consumidor. Representa um marco para reguladores e instituições, abrindo caminho para a adoção do DeFi institucional.
Blockchain technology has matured from an experimental innovation into a critical layer of modern financial and economic infrastructure. Digital assets—from cryptocurrencies and stablecoins to tokenized securities and central bank digital currencies (CBDCs)—are reshaping the way value is stored, transferred, and governed. In its ongoing initiative “The Future of...
The financial sector is undergoing one of the most profound transformations since the digitization of trading in the 1980s: the tokenization of real-world assets (RWAs). Tokenization, the process of representing ownership of assets on distributed ledgers, promises to enhance market efficiency, democratize access, and improve transparency. Yet it also raises...
Total Value Locked (TVL) has become one of the most cited metrics in decentralized finance (DeFi). Market commentators, analysts, and even institutional investors use TVL to gauge the scale of DeFi activity and the health of specific protocols. Yet the Bank for International Settlements (BIS), in its Working Paper “Towards...
Global adoption of digital assets has introduced new layers of complexity to cross-border capital flows. Bitcoin, Ether, and stablecoins represent the backbone of both retail and institutional activity in crypto markets. Their movement across jurisdictions raises important questions about monetary sovereignty, regulatory arbitrage, and systemic risk. The BIS Working Paper...
