Stablecoins ‘not a safe store of value’ — BIS

by Aurelia Butler 8 November 2023, 19:40 149 Views

In outlining its reasons, the BIS explained that from January 2019 to September 2023, fiat-backed stablecoins maintained their peg ratio only 94% of the time, less than the 100% often promised in projects’ white papers. Meanwhile, the peg ratio for crypto-backed and commodity-backed stablecoins was far less at 77% and 50%, respectively.

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Source: Cryptocurrency - investing.com

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Stablecoins ‘not a safe store of value’ — BIS

Bitcoin market dominance slips as Solana surges amid bullish crypto trends

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