South African Reserve Bank Governor Warns of Risks Behind Surge in Stablecoins

Global Focus on Digital Currency Risks

During the 2026 Warwick Economic Summit, South African Reserve Bank Governor Lesetja Kganyago raised concerns over the growing adoption of stablecoins, highlighting the increasing risks associated with these digital assets.

Safeguarding Monetary Unity

Kganyago emphasized that one of the central bank's key responsibilities is to protect the integrity and accessibility of national currency. He noted that assets like stablecoins could potentially fragment the financial system, undermining the stability of traditional monetary structures.

Regulatory Challenges and Outlook

As this trend accelerates, regulators worldwide are grappling with complex questions. Balancing financial innovation with systemic risk mitigation remains a top priority for global policymakers. Kganyago's remarks add a critical voice to the ongoing debate.