Matthew Osborne, Policy Director, UK & Europe at @Ripple. "Why central banks should embrace stablecoins", an article on OMFIF, the Official Monetary and Financial Institutions Forum, an independent forum for central banking, economic policy and public investment. Central bank tools are crucial in ensuring confidence in the banking system, and yet they are mostly not available to stablecoin issuers. Given the economic benefits of stablecoins, central banks should reflect on how to bring them into the safety net. ➡️A good starting point would be to allow well-regulated stablecoins to deposit part of the backing assets in central bank accounts. This would allow them to hold users’ money safely and reduce the risk of contagion between stablecoins and the banking system. ➡️Liquidity insurance should also be offered to reduce vulnerability to market-wide liquidity shocks – like the ‘dash for cash’ in March 2020. ➡️Equally direct access to payment systems would remove the risks from tiering and allow for smoother interoperability between stablecoins and other forms of money. https://www.omfif.org/2026/01/why-central-banks-should-embrace-stablecoins/(Leonidas)