According to online reports, the Bank for International Settlements (BIS) recently pointed out that stablecoins have not yet met the requirements to become a pillar of the monetary system in the three key tests of unity, flexibility and integrity. In a report titled "The next-generation monetary and financial system," the Bank for International Settlements stated that tokenization represents a transformative innovation that both improves old things and empowers new things. It paved the way for a new landscape in cross-border payments, securities markets and other areas. A tokenization platform centered on central bank reserves, commercial bank currencies, and government bonds could lay the foundation for the next generation of monetary and financial systems. stablecoins have shown some prospects in terms of tokenization, but have not yet met the requirements to become a pillar of the monetary system in the three key tests of unity, elasticity and integrity. (The Paper News)