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.
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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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