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SNB's Tschudin warns stablecoins could undermine central banks

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

Petra Tschudin, a governing board member of the Swiss National Bank, voiced concern that stablecoins could affect the role of central banks, warning the currency in circulation could suffer outflows. Her comments, picked up by Reuters and Yahoo Finance, add to a broader debate among policymakers over how dollar-backed tokens may weaken monetary control and the transmission of monetary policy.

Why now: Stablecoins are growing rapidly and regulators and central bankers are increasingly speaking out about the risks they pose to monetary sovereignty.

Swiss National BankPetra Tschudinstablecoins

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Evidence

• 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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