By PAUL O’DONOGHUE, Senior Correspondent
JEAN Tirole, a Nobel Prize-winning economist, has warned that weak oversight of stablecoins could force governments into multibillion-dollar bailouts.
The 2014 Nobel economics laureate said he was “very, very worried” about how stablecoins are supervised. He if the tokens collapse in a financial crisis, a run could occur if doubts arose about the reserves backing them.
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