Tschudin Warns Stablecoins Impede Central Bank Policy Transmission

Swiss National Bank member Tschudin expressed concerns about the impact of stablecoins on monetary policy transmission. In a recent discussion, he pointed out that stablecoins' limited connection to the two-tier financial system can hinder the effectiveness of central bank policies.

Tschudin emphasized the importance of digital currency design in preserving central bank functions and ensuring they can continue to carry out their duties without restrictions.