South Africa Confirms Standard Chartered’s Troubling Stablecoin Warning
South Africa’s central financial institution has echoed a warning from Standard Chartered, confirming that the fast rise of stablecoins may destabilize emerging-market (EM) banks. Standard Chartered initiatives that digital {dollars} may drain as a lot as $1 trillion from EM financial institution deposits over the following three years, as customers and corporates shift financial savings…
