South Africa’s Kganyago Warns on Growing Stablecoin Use Risk

South African Reserve Bank Governor Lesetja Kganyago warned about the risk of the increasing popularity of stablecoins, saying there’s a danger the cryptocurrency assets could “break apart.”

Central banks need “to protect the oneness of money and the affordability of money to the public,” Kganyago said Saturday at the 2026 Warwick Economics Summit. “The truth of the matter is that these things could break apart,” he added, in a reference to stablecoins.