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Swiss National Bank exec: Regulators may favor centralized stablecoins after Terra crisis

Talking about the innovation and adoption of private stablecoins and plans of central banks regarding the CBDC launch, Moser said both could co-exist. He said that CBDC’s function would be very basic and private stablecoin issuers can add services on top of them to meet retail customers’ needs.

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Source: Cryptocurrency - investing.com

Wall Street layoffs likely ahead as two-year hiring boom turns to bust

Russia, rejecting default, tells investors to go to western financial agents