South African Reserve Bank Governor: Stablecoins Could "Collapse," Urges Central Banks to Protect Monetary Unity

Mars Finance reports that, according to Bloomberg, South African Reserve Bank Governor Lesetja Kganyago warned at the 2026 Warwick Economic Summit that the increasing popularity of stablecoins poses risks, and these cryptocurrency assets could “collapse.” Kganyago emphasized that central banks need to “maintain monetary unity and the public’s affordability of money.”