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Mail & Guardian

Stablecoin

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Europe’s digital euro has got off to a late start in terms of geopolitical leverage in the digital era. Photo: File
BANK FOR INTERNATIONAL SETTLEMENTS

Digital gold rush: How Stablecoins threaten monetary sovereignty globally

Stablecoins, especially dollar-pegged ones, are a looming danger. Europe’s digital euro is a good counter-move but the US leads this digital financial race

  • Imran Khalid
5 min read
African governments, already eyeing central bank-backed digital currencies to connect millions of unbanked and underbanked to their financial systems, are going a step further and signalling support for digital currencies that promise to leapfrog their economies into the digital era – and bring currency stability. (Photo by JUNIOR KANNAH/AFP via Getty Images)
CRYPTOCURRENCY

Stablecoin is gaining currency in Africa

African governments are signalling support for digital currencies that promise to leapfrog their economies into the digital era

  • Conrad Onyango
5 min read