As the world embraces stablecoins, Spain sees “systemic risks”
The BdE warns that widespread adoption of stablecoins could lead to banking disintermediation. The global stablecoin market has already exceeded $320 billion. The Bank of Spain has launched a clear “warning signal” about the rapid growth of stablecoins. In its Spring 2026 Financial Stability Report, the institution warns that global stablecoins, especially multiple issuance ones, … Read more