Regulation· ★★★★· bearish·

Swiss central bank warns stablecoins weaken monetary policy and bank lending

  • —Tschudin: stablecoins can make central bank interest-rate policy less effective
  • —ECB model: a €100bn deposit outflow could cut bank lending by €50bn
  • —Most major stablecoins are dollar-based, amplifying the impact of Fed rates
  • —The US backs stablecoins via the GENIUS Act, while the EU prepares a digital euro by 2029
Why it matters: European and Swiss regulators now frame stablecoins as a threat to bank funding, which could accelerate MiCA restrictions and the push for a digital euro.
#USDT#USDC
Source: Crypto Insiders
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