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Swiss National Bank's Tschudin warns on stablecoins' central bank impact

Original: SNB's Tschudin voices concern about stablecoin impact on central banks

Tschudin, a governing board member of the Swiss National Bank, has voiced concern about the impact stablecoins could have on central banks, Reuters reported. The comments add to a growing debate among monetary authorities about how widely used dollar- and crypto-backed tokens could affect monetary policy, bank deposits and the role of central bank money.

Why now: Central bankers are increasingly scrutinising stablecoins as regulation tightens and their use expands.

Swiss National BankTschudinstablecoins

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• SNB's Tschudin voices concern about stablecoin impact on central banks · Reuters
• SNB's Tschudin voices concern about stablecoin impact on central banks · Yahoo Finance

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