Danish Central Bank: Stablecoins Pose No Immediate Domestic Financial Stability Risk, but USD Stablecoins Carry Spillover Risks

PANews, September 11 – According to the latest analysis report from the Danish central bank, the usage of stablecoins in Denmark remains low and currently poses no threat to the country's financial stability. No Danish krone-denominated stablecoins are in circulation. However, the report warns that the rapid global expansion of U.S. dollar-pegged stablecoins could transmit overseas market volatility to Denmark through the U.S. financial system. At present, USDT and USDC dominate the global stablecoin market. The Danish central bank is collaborating with the European Central Bank to ensure that central bank money continues to serve as the primary asset for interbank settlement.