As stablecoin’s momentum continues to surge worldwide, 2014 Nobel Prize-winning economist Jean Tirole recently warned about the risks of a potential financial crisis due to the “insufficient supervision” in the sector.

Economist Warns Of Multibillion-Dollar Crisis

On Monday, Jean Tirole shared his concerns about inadequate stablecoin oversight amid the recent momentum in the sector, affirming that he was “very, very worried” about the lack of sufficient supervision and the potential hidden risks that it could entail.

In an interview with the Financial Times (FT), the professor at the Toulouse School of Economics warned of the possibility that governments could be forced into “multibillion-dollar bailouts” if the digital assets, which are considered “a perfectly safe deposit” by retail

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