The Bank for International Settlements (BIS) has released a report stating that fiat-backed stablecoins are not a reliable store of value. The report found that these stablecoins were only able to maintain their peg ratio 94% of the time, falling short of the promised 100% assurance. Crypto-backed and commodity-backed stablecoins fared even worse, with peg ratios of 77% and 50% respectively. The lack of data on stablecoin users and their usage makes it difficult to assess the risks they pose to payment systems and financial stability. The BIS also raised concerns about the transparency of reserve practices for stablecoin issuers, noting the lack of scrutiny and common reporting standards in reserve reports. There are uncertainties regarding the ability of stablecoins to convert users' assets and the potential implications for financial stability in the event of a run.
Подпишитесь на нашу рассылку и получайте информацию о выходе новых статей, информацию об эксклюзивных скидках и другое
Или же подпишитесь на наш Telegram, чтоб всегда быть в курсе наших новостей.