Barry Eichengreen, Professor of Economics at Berkeley University, believes stablecoins could threaten monetary sovereignty in countries like India, as 99.5% of their circulation is in US dollars, potentially leading to dollarisation.
Barry Eichengreen, Professor of Economics at Berkeley University, believes stablecoins could threaten monetary sovereignty in countries like India, as 99.5% of their circulation is in US dollars, potentially leading to dollarisation.