Swiss National Bank's Tschudin: Stablecoins Make Monetary Policy Transmission Harder
- —Tschudin: stablecoins make monetary policy transmission harder
- —Cause is their weak link to the two-tier financial system
- —Digital currency design must not limit central bank functions
Why it matters: A signal that central banks are paying closer attention to stablecoins, which could bring new reserve and issuer requirements.
Source: PANews