Stablecoins Without Backing Have Risk of 'Blowing Up in Your Face': IMF Managing Director

Stablecoins Without Backing Have Risk of 'Blowing Up in Your Face': IMF Managing Director


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2022-05-24 09:01:11
Stablecoins Without Backing Have Risk of 'Blowing Up in Your Face': IMF Managing Director

People should distinguish between stablecoins backed by hard currencies like the dollar and those like TerraUSD, according to the IMF’s top official.

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