Benoît Cœuré on CBDCs, stablecoins and central bank fintech co-operation

Benoît Cœuré
Photo: Bank for International Settlements

Why did the Bank for International Settlements launch its innovation hubs and establish them around the world, rather than adopt a centralised approach?

The BIS Innovation Hub is a novel construct within the BIS and the central banking community. As you indicate, it has global reach and yet it is decentralised. The business plan is about producing practical work – prototypes and proofs of concepts in response to problem statements put forward by central banks. While there is an established

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