However, stablecoins, which purport to maintain a stable value, have greater capacity to function as privately issued money. For this reason, they pose specific, and well-understood risks, similar to other types of money-like assets. History has shown that money-like assets are subject to runs that can threaten financial stability. Stablecoins linked to the dollar are of particular interest to the Federal Reserve.
Last week, Europe’s leaders agreed to reduce demand for Russian fossil fuels and bolster our energy security by diversifying liquefied natural gas (LNG) supplies and investing more in clean energies. 3/5  BIS central bankers' speeches  This is clearly desirable, but it will create some costs during the transition.