Stablecoins

Dollar-backed stablecoins can push local currencies lower, Bank of Korea study finds

CoinDesk3h agoUpdated 58m ago
Dollar-backed stablecoins can push local currencies lower, Bank of Korea study finds
Smart Read

Buying pressure in Binance-paired currencies correlates with local currency depreciation as market makers balance positions.

Discussion

Related stories

Decrypt

Ancient Bitcoin Wallet That Turned $120 Into $3 Million Wakes Up

At least four more decade-old wallets moved a combined $15.7 million between Aug. 29 and Sept. 4, with one batch of coins sent to Coinbase in a likely sign of a sale.

CryptoSlate

Fed stablecoin research exposes how the same dollar could count twice in M1 or M2

Their staff note makes classification possible in theory, while reserve overlap and offshore circulation block a clean liquidity measure. The post Fed stablecoin research exposes how the same dollar could count twice in M1 or M2 appeared first on CryptoSlate.

Decrypt

What Is Robinhood Chain? The Ethereum Layer-2 Network for Tokenized Stocks and Meme Coins

Robinhood Chain is an Ethereum layer-2 network built with Arbitrum technology for tokenized assets, crypto apps, and on-chain financial products....

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.