币界网报道：The Bank for International Settlements (BIS) stated in its annual report that stablecoins fail to meet the three key criteria—singleness, elasticity, and integrity—required to serve as the foundation of the monetary system. While acknowledging stablecoins' advantages, such as programmability and faster cross-border transactions, the BIS warned they pose risks like undermining monetary sovereignty and enabling financial crime. The report highlighted that stablecoins lack monetary elasticity due to their collateralized nature and fail singleness due to issuer-specific standards and varying exchange rates. Additionally, inconsistent compliance with KYC/AML standards weakens their integrity. Despite these criticisms, the BIS remains optimistic about tokenization's potential to revolutionize financial systems, advocating for tokenized platforms anchored by central bank reserves and government bonds. Meanwhile, Circle's stock dropped over 15% following the report's release.