ECB’s Cœuré weighs stablecoin risks

Executive board member calls for improved global payment systems while preserving global policy priorities

Benoît Cœuré: particularly focused on libra, the Facebook-backed stablecoin project

Policy-makers globally will need to strike the right balance between effectiveness and security when dealing with stablecoin technologies, said Benoît Cœuré in a speech on September 17.

The member of the executive board of the European Central Bank assessed the challenges and opportunities created by stablecoins – crypto assets with value-stabilising characteristics.

Cœuré particularly focused on libra, the Facebook-backed stablecoin project.

“Although private digital forms of money have been

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