Stablecoins. Source: Adobe / Grispb Fiat-backed stablecoins are "not a safe store of value," according to a new research report from the Bank for International Settlements (BIS). According to the report, the BIS found that from January 2019 to September 2023, fiat-backed stablecoins were able to maintain their peg ratio only 94% of the time, […] The post BIS Research Report: Stablecoins Not Secure as Store of Value appeared first on Cryptonews.
Stablecoins. Source: Adobe / Grispb Fiat-backed stablecoins are "not a safe store of value," according to a new research report from the Bank for International Settlements (BIS). According to the report, the BIS found that from January 2019 to September 2023, fiat-backed stablecoins were able to maintain their peg ratio only 94% of the time, […] The post BIS Research Report: Stablecoins Not Secure as Store of Value appeared first on Cryptonews.
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