HomeCoinsTether (UDST)Why Stablecoin Regulation Isn’t ‘Urgent’

Why Stablecoin Regulation Isn’t ‘Urgent’

- Advertisement -



Why Stablecoin Regulation Isn’t ‘Urgent’

Stablecoins, such as tether and USDC, are cryptocurrency tokens tied to a basket of assets meant to “peg” each token’s value to a stable currency, such as U.S. dollars. By far the most worrisome element of stablecoins is that the assets backing them are not subject to consistent oversight, raising serious concerns about their quality and, yes, stability. In the event of a broad market downturn, a supposed stablecoin backed by fragile instruments could instead lose value rapidly in the crypto equivalent of a bank run.



Source link

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,580FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 20,727.55
ethereum
Ethereum (ETH) $ 1,578.88
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 117.47
litecoin
Litecoin (LTC) $ 68.62
eos
EOS (EOS) $ 1.12
okb
OKB (OKB) $ 21.66
tezos
Tezos (XTZ) $ 1.38
leo-token
LEO Token (LEO) $ 4.17
cardano
Cardano (ADA) $ 0.408123
monero
Monero (XMR) $ 155.79
stellar
Stellar (XLM) $ 0.110221
chainlink
Chainlink (LINK) $ 8.30
huobi-token
Huobi (HT) $ 7.96
tron
TRON (TRX) $ 0.062312
usd-coin
USD Coin (USDC) $ 0.998825
dash
Dash (DASH) $ 46.27
neo
NEO (NEO) $ 8.60
iota
IOTA (MIOTA) $ 0.262396
nem
NEM (XEM) $ 0.039702
zcash
Zcash (ZEC) $ 50.91
maker
Maker (MKR) $ 832.83
paxos-standard
Pax Dollar (USDP) $ 0.997157
ethereum-classic
Ethereum Classic (ETC) $ 25.23
vechain
VeChain (VET) $ 0.026129
true-usd
TrueUSD (TUSD) $ 0.999913
ftx-token
FTX (FTT) $ 22.28
kucoin-shares
KuCoin (KCS) $ 9.98
waves
Waves (WAVES) $ 3.36