Nigeria, others at crossroads as US backs dollar-based stablecoins –Report

By Chinwendu Obienyi Global Central Banks, including Nigeria, are facing a policy dilemma following the United States moves to legitimise and expand the use of privately issued, dollar-backed stablecoins. The development could entrench the dominance of the U.S. dollar and accelerate dollarisation in countries with weaker currencies. The concerns, highlighted in a new report by [...]The post Nigeria, others at crossroads as US backs dollar-based stablecoins –Report appeared first on The Sun Nigeria.

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