European Central Bank Policymaker Says Stablecoins Not Cause for Alarm

European Central Bank Policymaker Says Stablecoins Not Cause for Alarm
imageCryptocurrency News42 minutes ago (Jul 19, 2019 04:41PM ET)

European Central Bank Policymaker Says Stablecoins Not Cause for Alarm

A European Central Bank (ECB) official has stated that users should be aware of the risks associated with the stablecoins use, but not to be alarmed.

As Reuters reported on July 18, member of the ECB’s governing council and president of the Deutsche Bundesbank, Jens Weidmann said that stablecoins — digital currency designed to minimize price volatility by being pegged to another asset — offer users opportunities for prosperity, however users should be vigilant in regards of the associated risks.

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European Central Bank Policymaker Says Stablecoins Not Cause for Alarm

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