Stablecoins & CBDC

BIS - Tokenomics and blockchain fragmentation (Mar 2026)

BIS examines how tokenomics can fragment blockchain ecosystems by creating incentives that weaken interoperability, concentrate liquidity, and complicate settlement. The analysis highlights implications for market design, financial stability, and the future role of tokenized money.

Topics: bis, stablecoins, interoperability, financial stability

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