Sunday, June 16, 2024

Even ‘Secure’ Stablecoins May Pose Monetary Stability Danger, New York Fed Says

by Jeremy

Previously, researchers have usually identified the hazard of stablecoins not being absolutely backed or being unable to keep up a 1:1 peg to the greenback. The most recent report, nonetheless, appears extra involved with the danger that one giant issuer might have the ability to blot out opponents which might then lead to a run on these cash.

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