Financial Stability

Some stablecoins could be labelled as systemically important

By Justin Pugsley
BRR fallback image

Recent years have seen strong growth in stablecoins backed by fiat currencies. They are typically used by speculators as a temporary vehicle to park funds after selling out of cryptocurrencies. However, an entire alternative financial ecosystem has sprung up involving payment systems and financial products using stablecoins, which could disrupt ...

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