The National Bank of Denmark has published an analysis of global stablecoin developments and their potential implications for Denmark. While domestic use remains limited, wider adoption, particularly of foreign stablecoins, could affect payments, financial markets, banks and monetary policy transmission. The analysis examines stablecoins’ potential role in the future monetary system and the opportunities and risks associated with broader use. It emphasizes the need for close monitoring as new forms of digital money and internationally provided payment solutions develop, including their implications for trusted and resilient payments and a well-functioning monetary system.
2026-09-09National Bank of Denmark
National Bank of Denmark assesses stablecoin risks as domestic use remains limited
The National Bank of Denmark has assessed the implications of stablecoins, finding that their domestic use remains limited. Wider adoption, particularly of foreign stablecoins, could affect payments, banks, financial markets and monetary policy transmission.