<p>Frank Smets and Gaston Gelos discuss how digital innovation can be harnessed to modernise the financial system, as long as trust in money is preserved. Read more: <a href= "https://bis.org/publ/arpdf/ar2026e3.htm">https://bis.org/publ/arpdf/ar2026e3.htm</a></p>

Frank Smets and Gaston Gelos discuss how digital innovation can be harnessed to modernise the financial system, as long as trust in money is preserved. Read more: https://bis.org/publ/arpdf/ar2026e3.htm

<p>Frank Smets and Gaston Gelos discuss how digital innovation can be harnessed to modernise the financial system, as long as trust in money is preserved. Read more: <a href="https://bis.org/publ/arpdf/ar2026e3.htm" rel="noopener noreferrer">https://bis.org/publ/arpdf/ar2026e3.htm</a></p>

Anchoring trust in a digital era – tokenisation, stablecoins and the two‑tier system

Experts from the Bank for International Settlements (BIS) explain their work and discuss current issues for the global economy. As a hub for central banks and other financial regulatory and supervisory authorities, the BIS seeks to build a greater collective understanding of the world economy, foster international cooperation and support policy making.

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Anchoring trust in a digital era – tokenisation, stablecoins and the two‑tier system

Anchoring trust in a digital era – tokenisation, stablecoins and the two‑tier system

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