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South African Reserve Bank Governor: Stablecoins Could "Collapse," Urges Central Banks to Protect Monetary Unity
GateNewsBot
ChainCatcher reports that, according to Bloomberg, South African Reserve Bank Governor Lesetja Kganyago warned at the 2026 Warwick Economic Summit that the increasing popularity of stablecoins poses risks, and these cryptocurrency assets could “collapse.” Kganyago emphasized that central banks around the world need to “maintain monetary unity and the public’s monetary affordability.”
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