BIS central bankers’ speeches  5  Relationship between overcoming deflation and the rate of price rises The first issue is the relationship between overcoming deflation and the rate of price rises. In general, the term “deflation” is used to describe a continued decline in prices.
Therefore, I am of the opinion that we as a central bank have to be charged with the supervision and regulation of stablecoins, to the extent that we will assess that it is required for maintaining economic stability. This is in contrast to currencies that are not stable, where the supervision has to focus on consumer aspects such as transparency, proper management, etc.