Denmark’s Central Bank Flags Risks From US Dollar Stablecoins

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Stablecoin adoption in Denmark is currently very low and poses no immediate threat to domestic financial stability. However, according to the central bank, the rapid global growth in U.S. dollar-pegged stablecoins could expose Denmark to indirect financial market volatility and liquidity risks. Limited Local Adoption, Potential External Risks Danmarks Nationalbank, Denmark’s central bank, has issued […]