Cryptocurrency News

Terra crash highlights stablecoin risk to financial stability: ECB

07/12/2022

Less than a minute

2022.07.12 01:46

Terra crash highlights stablecoin risk to financial stability: ECB

The European Central Bank (ECB) has released a report analyzing the growth of the cryptocurrency market over the past decade and the risks it poses to the existing financial system.

A section of the report dedicated to stablecoins discussed the central role that it plays in the current ecosystem. Stablecoins are increasingly used to interlink various blockchain networks and play a critical role in offering liquidity to the decentralized finance (DeFi) ecosystem.

07/12/2022

Less than a minute

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