Danish central bank warns of indirect financial risks brought by the expansion of US dollar stablecoins

Danmarks Nationalbank stated that the rapid growth of stablecoins pegged to the US dollar globally may expose Denmark to indirect financial market volatility and liquidity risks. At present, the usage rate of stablecoins in Denmark is relatively low and does not pose an immediate threat to domestic financial stability. Danmarks Nationalbank is collaborating with the European Central Bank (ECB) to ensure that central bank currency remains the primary settlement asset for interbank transactions. (Source: Bitcoin.com News)