Today the Bank of International Settlements (BIS)
announced that it has appointed Benoît Coeuré as head of the
BIS Innovation Hub. The Hub fosters cross-border research of financial technologies for the central bank governing body. These include stablecoins, central bank digital currencies (CBDC), and payment systems.
Benoît Coeuré will leave his current role as chair of the BIS Committee on Payments and Market Infrastructures for financial stability in January. Coeuré has additionally been an executive board member of the European Central Bank (ECB) for eight years and is chair of the G7 working group on global stablecoins.
In September, he made a detailed
speech at the ECB on how stablecoins could challenge the
supremacy of the US dollar. The address came just two days after he reportedly
chaired a meeting between Facebook’s Libra representatives and 26 central banks on trust and stability.
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