EU official warns stablecoins could threaten global finance if unmanaged

Pierre Gramegna, the managing director of the European Stability Mechanism, warned in Washington on Wednesday that stablecoins could endanger global financial stability if they are not properly guaranteed or regulated. Gramegna’s comments came during the International Monetary Fund’s annual meetings, where he said that if stablecoins ever became mainstream without being tied to central bank […] source: https://www.cryptopolitan.com/eu-stablecoins-threaten-global-finance/