Loading...
Stablecoins are facing scrutiny as reports indicate that more than 600 fiat-pegged tokens have 'depegged' in 2023. The Bank for International Settlements (BIS) and Moody's have expressed skepticism about stablecoins, with BIS questioning their reliability as a store of value and means of exchange. Researchers at BIS also highlight frequent deviations from their pegged assets. However, others argue that stablecoins are a significant use case that could drive the growth of the crypto market by at least 10 times in the next 5-10 years.
How stable are stablecoins? Not very says the BIS https://t.co/JHdAflG2jj
The Bank of International Settlements (BIS) has expressed skepticism about the reliability of stablecoins as a store of value. https://t.co/2P9VnOdifH
Stablecoins are big enough use case to grow crypto market at least 10x in the next 5-10 years. Of course, stablecoins are the Trojan horse and it doesn’t stop there but just being able to hold digital fiat is huge for so many around the world who are desperate for safe havens… https://t.co/Q72qHm2kno
Stablecoins are big enough use case to grow crypto market at least 10x in the next 5-10 years. Of course, stablecoins are the Trojan horse and it doesn’t stop there but just being able to hold digital fiat is huge for so many around the world who are desperate for safe havens… https://t.co/1MgzquJ796
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
I am nervous about algorithimically backed stable coins...in a bid to stimulate DeFi, we create these complex instruments that are failure-prone. The only stable coin I "trust" is USDC..and there are those that feel rightly nervous about it. Rephrased: the only stable coin I'm… https://t.co/KAdeinrRll
Moody’s reports 600 stablecoin depegs in 2023 https://t.co/XrFP7ZJMo2
#Stablecoins Wobble in 2023 as More Than 600 Fiat-Pegged Tokens 'Depeg' in 2023 https://t.co/qt84rPHpS7
When stablecoin bills get put into law in different jurisdictions, you should expect fiat stablecoin reserve requirements to be clearer too. Right now, a very small % of reserves are in bank deposits, which makes sense in this rate regime. If I had to guess, the reserve… https://t.co/gwSaZAb4Mk