Swiss National Bank exec-Regulators may favor centralized stablecoins after Terra crisis

2022.06.27 23:56

Swiss National Bank exec-Regulators may favor centralized stablecoins after Terra crisis – Budrigannews

Swiss National Bank (SNB) deputy head Thomas Muser 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 (EBC) 2022.

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

Swiss National Bank exec-Regulators may favor centralized stablecoins after Terra crisis