Crypto-Follow logo Crypto-Follow logo
The Daily Hodl 2022-05-10 22:01:31

Federal Reserve Says Private Stablecoins Vulnerable to Runs in New Report

The U.S. Federal Reserve is voicing concerns about the viability of cryptocurrency stablecoins and is suggesting the utility of government-backed alternatives. In a wide-ranging report discussing financial stability across numerous economic sectors, the Fed identifies risks associated with so-called stablecoins, which advertise themselves as being pegged to the value of the US dollar. While citing […]The post Federal Reserve Says Private Stablecoins Vulnerable to Runs in New Report appeared first on The Daily Hodl.

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer