Big Tech-Issued Stablecoins Could ‘Amplify Shocks’ to Financial System, Says ECB Exec — CoinDesk

Big Tech-Issued Stablecoins Could ‘Amplify Shocks’ to Financial System, Says ECB Exec — CoinDesk

“Without proper regulation, these developments could amplify international shocks and undermine financial resilience globally,” Panetta said. “We could see risk-biased technological change, whereby the digitalization of finance favors business models that are riskier for the global economy.”

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