Stablecoins and Private Digital Payments Could Fuel FX Volatility, CBN Warns
Olayemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), has issued a strong warning that the rapid adoption of stablecoins and private digital payment platforms could exacerbate foreign exchange volatility and undermine monetary policy transmission in emerging economies. Cardoso delivered these remarks on Thursday during a plenary address titled “Digital Cross-Border Payments, Global […]