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Swiss central banker warns stablecoins could undermine central banks

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

Swiss National Bank governing board member Martin Schudin has voiced concern that the growing use of stablecoins could weaken the role of central banks, amid mounting official scrutiny of dollar-pegged digital tokens and their impact on monetary policy and banking systems.

Why now: Regulators are increasingly worried that rapid stablecoin growth could erode central banks' control over money.

Swiss National BankMartin Schudinstablecoins

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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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