China’s Central Bank Warns Stablecoins Still Carry Big Risks

Stablecoins have been attracting increasing attention lately as banks and institutions explore its growing role in digital finance. However, despite its rapid innovation and increased adoption, some officials believe that it is in its early stages and the risks remain.   China’s Central Bank Urges Caution Pan Gongsheng, Governor of the People’s Bank of China, recently … source: https://coinpedia.org/news/chinas-central-bank-warns-stablecoins-still-carry-big-risks/