🏦 Stablecoins Just Got A Reality Check
Published by OOPSONLINE.IN · Source: The Star · 1 min read · · Updated
❤️ OOPS SAYS
It turns out putting "stable" in the name isn't quite enough to win over central bankers. We’re sure the crypto community will take this constructive feedback completely in stride and absolutely not start a comment war.
What actually happened
JACKSON HOLE, Wyoming, Aug 28 (Reuters) - Stablecoins do not credibly function as a means of payment at scale and tokenized deposits offer a more compelling case to harness the benefits of this new technology, said the chief of the Bank for International Settlements, a central bank umbrella group.
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- #stablecoins
- #credible