Stablecoins Contagion Risk: BIS Warning vs Coinbase Defense in Crypto Markets

The Bank for International Settlements (BIS) has issued a stark warning about potential systemic risks from stablecoins, suggesting they could trigger financial contagion. However, major cryptocurrency exchange Coinbase is pushing back against these concerns, arguing stablecoins pose minimal threat to traditional finance systems. This regulatory debate highlights the growing tension between traditional financial institutions and crypto industry leaders regarding digital asset integration and financial stability protocols in global markets.