Don’t believe the banks lobbying against stablecoins
Issuers should be allowed to pay interest on stablecoins — just as lenders can on dollars
Issuers should be allowed to pay interest on stablecoins — just as lenders can on dollars

Banks say rules governing the digital currency are a risk to financial stability. Are they just trying to stamp out competition?

Fintechs have touted stablecoins as a way to revolutionise international transfers

Fears that they make it easier for criminals to move money around are based on a misconception

They are no substitute for money, even if usage is growing fast

Central bank partly backs down after industry criticism over plan for digital tokens

Asset-backed digital currencies could pose risks to bedrock of global financial system