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✉news BusinessBanking first seen 13 h ago, last 10 h ago, peak #22

Swiss central bank warns stablecoins could hinder monetary policy

Original: Stablecoins could hinder monetary policy: Swiss central bank

The Swiss National Bank has warned that the growing use of stablecoins could hinder the effectiveness of its monetary policy. According to the central bank, widespread adoption of privately issued digital currencies pegged to fiat money could weaken its control over money supply and interest rates. The statement adds the Swiss institution to a growing list of regulators and central banks voicing concern over stablecoins' impact on financial stability.

Why now: Central banks are increasingly worried that rapid stablecoin adoption could undermine their control over monetary policy.

Swiss National BankstablecoinsSwitzerland

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