Stablecoins ‘not a safe store of value’ — BIS
“Not one of the stablecoins assessed in this paper has been able to maintain their closing prices in parity with their peg,” wrote the Bank for International Settlements.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
“Not one of the stablecoins assessed in this paper has been able to maintain their closing prices in parity with their peg,” wrote the Bank for International Settlements.
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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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