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ECB’s Coeure Warns Stablecoins Could Affect Monetary Policy

  • Stablecoin credits, overdrafts may impact policy transmission
  • Coeure heads G-7 working group on stablecoins, spoke in Berlin
Benoit Coeure
Benoit CoeurePhotographer: Bess Adler/Bloomberg
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Private stablecoins such as Libra could affect the transmission of monetary policy through the economy, European Central Bank policy maker Benoit Coeure warned as he stepped up his call for rules to govern digital currencies.