Malfunction in stable coins could harm financial stability

On the 05.07.20 at 7:07AM


Pauline Armandet

In a research note, the European Central Bank warns on the risks of massive use of stable coins worldwide like the Libra.

If stable coins move up to a global scale, any malfunction could pose a risk to financial stability, the European Central Bank (ECB) warned in a research note released yesterday.

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