Stablecoins pose bigger risks to US than to EU – de Guindos
ECB vice-president also expresses hope that “populist movements in Europe do not prevail”
Stablecoins pose a bigger risk to financial stability in the US than in the European Union, Luis de Guindos has said.
In an interview with German newspaper Die Welt on September 17, the European Central Bank vice-president explained that stablecoins were undergoing more momentous growth across the Atlantic than they were in the EU. This meant that if one dollar-based stablecoin de-pegged from its underlying assets, it would cause more headaches for US supervisors than for their counterparts in
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