Study Finds Central Bank-Backed Stablecoins Superior to Private Stablecoins
Stablecoins, a type of digital currency pegged to a fiat currency like the USD, are facing challenges in maintaining stability and regulatory control, according to a study by the Bank for International Settlements (BIS). The study highlights the weaknesses of stablecoin settlement mechanisms, drawing parallels with the Eurodollar and foreign exchange markets. Unlike fiat currencies, […]
