Moody's Analytics is using artificial intelligence to predict stablecoin depegging events. There have been 609 depegging events among large-cap fiat-backed stablecoins in 2023. In total, more than 1,910 depegs have occurred on the stablecoin market as of September 2023. Federal Reserve Vice Chair for Supervision Michael Barr calls for a strong federal framework for stablecoins and the involvement of the U.S. central bank in overseeing them. The Bank for International Settlements raises concerns about stablecoins' stability in a report, noting frequent deviations from their pegged assets.
The Bank for International Settlements report questions stablecoins' stability, noting frequent deviations from their pegged assets https://t.co/gjUK5w3EvI
Stablecoins depeg too often to be a reliable means of exchange, researchers at the Bank for International Settlements said in a Wednesday report. @camomileshumba reports https://t.co/a7E1V3omDu
Moody’s reports 600 stablecoin depegs in 2023 https://t.co/XrFP7ZJMo2
Mike says the Fed should regulate stablecoin issuers...with Congressional approval, of course. Also, mentions CBDC research at the Fed. https://t.co/lVyLvkdNWT
#Stablecoins Wobble in 2023 as More Than 600 Fiat-Pegged Tokens 'Depeg' in 2023 https://t.co/qt84rPHpS7
Michael Barr, vice chair for Supervision at the Federal Reserve, called for stronger stablecoin policies in the U.S. to protect investors and set up guardrails designed to address pressing issues https://t.co/H1elIyciI6
Federal Reserve's Michael Barr calls for a strong federal framework for stablecoins https://t.co/P3bIQHmNRp
The U.S. central bank should be involved in overseeing stablecoins, a key Federal Reserve official said Tuesday. Vice Chair for Supervision Michael Barr added the Fed is still evaluating the role of a potential U.S. CBDC. @jesseahamilton reports https://t.co/s48NDHgRKf
Over 600 #Stablecoins 'Depeg' in 2023, Moody's Analytics Launches Monitoring Tool https://t.co/qt84rPHpS7
In total, more than 1,910 depegs have occurred on the stablecoin market as of September 2023, analysts at Moody's say. https://t.co/Ua9GbIyjzO
ICYMI: Large cap stablecoins have depegged 609 times this year, Moody’s Analytics says https://t.co/w6MK2kzrQ5
Moody’s Analytics is deploying artificial intelligence to predict potential stablecoin depegging events. There were 609 depegging events among large-cap fiat-backed stablecoins in 2023. https://t.co/0FWTVjKgHe