Senior officials at the European Central Bank warn: The systemic risks of stablecoins cannot be ignored; a run on them could force a shift in interest rate policy.
As the market size of US dollar-pegged stablecoins expands rapidly, a senior policymaker at the European Central Bank (ECB) has warned that if there is a run on this market, the resulting shockwaves could force central banks to reconsider their interest rate paths.
According to a November 17th report by