stablecoin run
The President of the Dutch Central Bank has stated that a significant run on stablecoins could compel the European Central Bank to modify its interest rates. This statement highlights the potential risks associated with stablecoins in the financial system. The central bank leader emphasized the need for vigilance regarding the stability of these digital currencies. He noted that a sudden shift in stablecoin confidence could have broader implications for monetary policy. The remarks underscore the interconnectedness of digital assets and traditional banking systems.
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