A stablecoin can facilitate payments… but also move money away from banks.
The Swiss National Bank is concerned about the possible consequences of widespread stablecoin adoption: if households and businesses transfer part of their deposits into these assets, banks could have fewer resources available to extend credit.
So the debate goes beyond technology. It concerns monetary stability and the role of banks in the economy.
Should innovation move faster than the rules that govern it?
#Stablecoins #BinanceSquare
$BTC
The Swiss National Bank is concerned about the possible consequences of widespread stablecoin adoption: if households and businesses transfer part of their deposits into these assets, banks could have fewer resources available to extend credit.
So the debate goes beyond technology. It concerns monetary stability and the role of banks in the economy.
Should innovation move faster than the rules that govern it?
#Stablecoins #BinanceSquare
$BTC
