Stablecoins avoid the volatility of their higher-profile crypto cousins, like bitcoin, because their value is supported by a pool of assets. Illustration: Shutterstock Stablecoins avoid the volatility of their higher-profile crypto cousins, like bitcoin, because their value is supported by a pool of assets. Illustration: Shutterstock
Stablecoins avoid the volatility of their higher-profile crypto cousins, like bitcoin, because their value is supported by a pool of assets. Illustration: Shutterstock
Ashley Alder
Opinion

Opinion

The View by Ashley Alder and Jon Cunliffe

Stablecoins must be subject to ‘same business, same risk, same rules’ approach

  • Stablecoins could support competition in payments, deploying technology and innovation to reduce cost and offer new services. But when used at scale as a means of payment, they can present material risks to the financial system
  • A new report on applying international payments standards to stablecoins is a welcome milestone

Stablecoins avoid the volatility of their higher-profile crypto cousins, like bitcoin, because their value is supported by a pool of assets. Illustration: Shutterstock Stablecoins avoid the volatility of their higher-profile crypto cousins, like bitcoin, because their value is supported by a pool of assets. Illustration: Shutterstock
Stablecoins avoid the volatility of their higher-profile crypto cousins, like bitcoin, because their value is supported by a pool of assets. Illustration: Shutterstock
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