FRANCE WARNS: STABLECOINS THREATEN CENTRAL BANK CONTROL $BTC
Central bank chiefs are sounding the alarm on private stablecoins. They fear a future where dollar-linked tokens dominate, stripping governments of monetary power. This isn't just tech; it's a sovereignty battle. Emerging markets face accelerated dollarization if private digital currencies outpace public money. Europe is pushing wholesale CBDC infrastructure to counter this risk. Banks see themselves as trusted custodians in this evolving landscape. Crypto argues for wider access and competition, with stablecoins as a first success. Regulators must create a level playing field. This shift demands urgent attention.
Disclaimer: This is not financial advice.
