Swiss National Bank officials warn that stablecoins may weaken monetary policy transmission and call for an appropriate regulatory framework.

Zhito Finance APP has learned that Petra Tschudin, a member of the Swiss National Bank's Governing Board, said on Wednesday that the development of large stablecoins could make the transmission of central bank monetary policy more complicated and increase the difficulty for central banks to fulfill their policy responsibilities, making it necessary to establish a regulatory framework that can safeguard the central bank's policy influence.