Central bankers see ‘potential’ in stablecoins

Cecilia Skingsley
Cecilia Skingsley
Photo: Sveriges Riksbank

Senior central bankers see value in stablecoins as a possible means of improving payments, but warn more work is needed to ensure the sector is properly regulated.

John Williams, Cecilia Skingsley and Perry Warjiyo all said financial innovations, and particularly stablecoins, could be a useful means of improving the efficiency and inclusiveness of financial services.

“Personally I see the potential for stablecoins to serve a useful purpose,” said Williams, the president of the Federal Reserve

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