Central bank officials are warning of potential threats from the increasing use of U.S. stablecoins for international payments. Stablecoins — crypto assets pegged to fiat currencies like the dollar — “raise serious risks for financial integrity and can facilitate regulatory circumvention,” the head of the Bank...
Moving money across borders still means navigating a patchwork of correspondent banks, local clearing systems and compliance checks that slow transactions, inflate costs and introduce uncertainty to every step. The demand for improvement is already there. PYMNTS Intelligence data indicate that 14% of U.S....
The Bank of Korea has reportedly called for a gradual introduction of won-pegged stablecoins. The central bank’s senior deputy governor said Tuesday (June 24) that this slow rollout should begin with tightly regulated commercial banks. “It is desirable to first allow banks, which are under a high level of...
The digitization of money, and the movement to decentralized finance, begs the question: What happens to financial institutions, central banks and central banking policy? The banking system itself may seemingly be upended by stablecoins, cryptocurrencies and the prospect of digital dollars. The landscape is still...
April 13, 2026
Moving money across borders still means navigating a patchwork of correspondent banks, local clearing systems and compliance checks that slow transactions, inflate costs and introduce uncertainty to every step. The demand for improvement is already there. PYMNTS Intelligence data indicate that 14% of U.S. consumers made cross-border payments in the past year and 63% […]
May 21, 2020
The tipping point might be nigh for digital dollars and other central bank-issued currencies done through bits and bytes. As politicians across the globe grapple with the pandemic’s continued economic...
January 21, 2020
Add Australia to the list of countries with central banks looking to bring fiat currencies into the digital realm — with some conditions attached. As stated in a report to...
May 12, 2026
Brazil’s central bank is reportedly facing budget and staffing strain amid a financial system boom. As Bloomberg News reported Tuesday (May 12), the regulator’s staffing levels have fallen by 42% in the last decade, while the number of regulated financial institutions has surged by 50% during the same period of time. That crunch is projected […]
April 20, 2026
Central bank officials are warning of potential threats from the increasing use of U.S. stablecoins for international payments. Stablecoins — crypto assets pegged to fiat currencies like the dollar —...
June 24, 2025
The Bank of Korea has reportedly called for a gradual introduction of won-pegged stablecoins. The central bank’s senior deputy governor said Tuesday (June 24) that this slow rollout should begin with tightly regulated commercial...
April 10, 2025
England’s central bank has postponed a bond sale following an uptick in tariff-related market pressure. As Bloomberg News reported Thursday (April 10), the Bank of England (BOE) had planned to sell the long-dated bonds...