StableCoins

ECB’s Lane Advocates for Digital Euro to Mitigate Stablecoin Threats

2 months ago

In a significant move addressing the evolving landscape of digital finance, European Central Bank (ECB) Chief Economist Philip Lane has voiced strong support for the introduction of a digital euro. During a recent conference, Lane expressed concerns regarding the growing risks associated with stablecoins, emphasizing that a state-backed digital currency is crucial for maintaining monetary stability and consumer protection in Europe.

Swiss National Bank Declares Independence from Trump's Crypto Reserves Initiative

2 months ago

In a significant stance towards maintaining fiscal prudence, the Swiss National Bank (SNB) has publicly distanced itself from U.S. former President Donald Trump's recent proposal advocating for the inclusion of cryptocurrency reserves in the nation's financial portfolio. Benjamin Schlegel, a spokesperson for the SNB, emphasized the institution's commitment to the principles of traditional reserve management, explicitly ruling out any potential shifts towards cryptocurrency holdings.

Fed's Waller Advocates for Stablecoins as a Pillar of Dollar's Reserve Status

4 months ago

In a significant development for the future of monetary policy and cryptocurrencies, Federal Reserve Governor Christopher Waller has expressed a strong endorsement for the potential role of stablecoins in upholding the US dollar's position as the world's primary reserve currency. Speaking at a recent conference, Waller outlined his perspective on how stablecoins could not only complement traditional financial systems but also reinforce the dollar's supremacy in global markets.