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

ChainCatcher news, according to Bloomberg, South African Reserve Bank Governor Lesetja Kganyago issued a warning at the 2026 Warwick Economic Summit, stating that the growing popularity of stablecoins poses risks, and these crypto assets could potentially "collapse".

Kganyago emphasized that central banks need to "maintain the unity of currency and the public's affordability of money".