Stablecoins Not Stable, Have ‘No Role’ As Money, Warns Top Banker ...Middle East

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Stablecoins Not Stable, Have ‘No Role’ As Money, Warns Top Banker
source : Ommcom News ( Middle East ) () 50
New Delhi:  As cryptocurrencies get hammered in the economic meltdown, stablecoins — whose value is pegged to another asset like a fiat currency or a commodity — are also bad investments and are ill-suited as a form of money, Siddharth Tiwari, the Asia-Pacific head of the Bank of International Settlements (BIS), has said. In a […] The post Stablecoins Not Stable, Have ‘No Role’ As Money, Warns Top Banker appeared first on Ommcom News.

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