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Swiss National Bank Member Tschudin Says Stablecoins Hinder Policy Transmission
Tschudin linked the challenge to stablecoins’ relatively limited connection with the two-tier financial system and urged designs that preserve central bank functions.
Swiss National Bank member Tschudin said Sept. 30 that stablecoins can make monetary policy transmission more difficult, linking the challenge to their relatively limited connection with the two-tier financial system.
Tschudin also said digital currency design should not restrict central banks from carrying out their functions.
The comments focus on how digital-currency design can affect the transmission of monetary policy.
