✉news BusinessBanking first seen 5 h ago, last 1 h ago, peak #4

SNB Warns Stablecoins Could Weaken Monetary Policy Transmission

Original: Stablecoins Could Harm Monetary Policy Transmission, SNB Says

The Swiss National Bank says the growing use of stablecoins could interfere with how monetary policy is transmitted to the economy, warning that widespread adoption of privately issued digital dollars may blunt the effect of central bank interest rate decisions. The comments add a central bank voice to the ongoing debate over regulating dollar-pegged tokens.

Why now: Central banks are increasingly worried about stablecoins' rapid growth and its implications for monetary control and financial regulation.

Swiss National Bankstablecoins

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Evidence

• Stablecoins Could Harm Monetary Policy Transmission, SNB Says · Bloomberg.com

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