BIS warns dollar-pegged stablecoins reinforce dollar dominance, not challenge it

In crypto news today (June 26), BTC USD continues its struggle to hold key support at $60,000, currently trading around $60,200. Liquidations slowed considerably from $1Bn late last week to $206M in the past 24-hours, with $150M of that figure coming from long positions. ETF flows closed last week bearishly, with over $444M of Bitcoin.. The post Crypto News Today (June 29): BTC Loses $60K Again, EU Goes After MiCA Violators Following Binance Cull and the BIS Makes Stark Stablecoin Warning appeared first on 99Bitcoins.

BIS says AI debt boom could rattle markets as crypto.news tracks OpenAI, SpaceX and Fed risks tied to tech speculation and U.S. rates in 2026.

The AI investment surge is a potential flashpoint for systemic risk, “as financing has relied on enormous debt and highly leveraged nonbank structures that can rapidly unwind,” one analyst said in response to the report.

The Basel-based institution said that private digital tokens fall short of the requirements for sound money and urged policymakers to accelerate work on tokenized forms of central bank and commercial bank money.

Weak returns could trigger a sharp pullback in funding for tech companies that threatens the global economy

BIS paper quantifies T-bill price impact from stablecoin outflows as regulators draft CIP rules. $313B market faces run risk tied to forced Treasury sales.

Former BIS general manager Agustín Carstens said stablecoins can enhance financial inclusion and innovation but stressed the need for global regulatory frameworks to enable coexistence with fiat money.

The launch comes as financial institutions increasingly compete to manage assets backing dollar-pegged stablecoins.