Regulators may favor centralized stablecoins after Terra crisis

2022.06.28 19:50

Regulators may favor centralized stablecoins after Terra crisis

Swiss National Bank Deputy Head Thomas Moser talked to Cointelegraph editor Aaron Wood and discussed the ongoing trends in central bank digital currencies (CBDCs), stablecoins and regulations during the recently concluded European Blockchain Convention 2022.

Moser talked about the innovation and adoption of private stablecoins and central banks’ plans regarding CBDC launches, saying both could co-exist. He said that the function of CBDCs would be very basic and that private stablecoin issuers could add services on top of them to meet retail customers’ needs.

Regulators may favor centralized stablecoins after Terra crisis