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BIS Report Maps Central Bank Roles in Payments System with Stablecoins
The Bank for International Settlements (BIS) hosted committee CPMI has released a report outlining four central bank roles in a payments system that includes stablecoins and tokenized deposits. The roles are issuer, operator, overseer, and catalyst. The report considers central bank money as the trusted settlement anchor, with private innovation complementing it. The publication connects digital money to practical decisions over account access, infrastructure, oversight, and coordination.