The Chairman of the Swiss National Bank stated that there is no need for stablecoins locally

AASTOCKS
2025.09.10 14:56

Swiss National Bank (SNB) Chairman Martin Schlegel stated on Wednesday that Switzerland does not need a federal stablecoin.

Schlegel pointed out that the threshold for entering negative interest rate territory is very high, but the SNB would implement it if necessary. He mentioned that the impact of U.S. tariffs on Switzerland remains difficult to determine.

When asked about the relationship between U.S. President Trump and Federal Reserve Chairman Powell, Schlegel emphasized the importance of central bank independence. He noted that the U.S. Federal Reserve remains central in the international financial system, and the U.S. dollar continues to be the dominant currency

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