The G20 is Right: Algorithmic Stablecoins are Inherently Unstable
blog.silvermint.net
For once we agree with the G20 central bankers – algorithmic stablecoins are inherently unstable. No stablecoin currently meets the standards set for the digital asset category by central bankers of the world’s largest economies, and many stablecoins “do not have credible mechanisms to support their promise of price stability," a report issued by the Financial Stability Board concluded today.
The G20 is Right: Algorithmic Stablecoins are Inherently Unstable
The G20 is Right: Algorithmic Stablecoins are…
The G20 is Right: Algorithmic Stablecoins are Inherently Unstable
For once we agree with the G20 central bankers – algorithmic stablecoins are inherently unstable. No stablecoin currently meets the standards set for the digital asset category by central bankers of the world’s largest economies, and many stablecoins “do not have credible mechanisms to support their promise of price stability," a report issued by the Financial Stability Board concluded today.