Nobel Prize-winning economist Jean Tirole has raised concerns over the lack of regulation in the stablecoin sector, warning of potential bailout risks. On September 1, Tirole emphasized that the collapse of stablecoins during a financial crisis could force governments to provide multi-billion dollar bailouts. His statement highlights the urgent need for regulatory frameworks to address these risks and prevent significant economic repercussions.
Nobel Laureate Jean Tirole Warns of Stablecoin Bailout Risks
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