Spent some time reading:
πFinancial Stability Report
from @federalreserve, they mentioned a lot about #stablecoins
π§΅for all $USDC $USDT $UST $USDN $BUSD #holders
πFinancial Stability Report
from @federalreserve, they mentioned a lot about #stablecoins
π§΅for all $USDC $USDT $UST $USDN $BUSD #holders
π¬
Structural vulnerabilities persist at #money market funds and some other mutual funds, and the rapidly growing #stablecoin sector is vulnerable to runs
#COINcidence #stabledanceβπ΅οΈ
Structural vulnerabilities persist at #money market funds and some other mutual funds, and the rapidly growing #stablecoin sector is vulnerable to runs
#COINcidence #stabledanceβπ΅οΈ
π¬
some types of #money market funds (MMFs) and #stablecoins remain prone to runs, and many bond and bank loan mutual funds continue to be vulnerable to redemption risks
#COINcidence #stabledanceβπ΅οΈ
some types of #money market funds (MMFs) and #stablecoins remain prone to runs, and many bond and bank loan mutual funds continue to be vulnerable to redemption risks
#COINcidence #stabledanceβπ΅οΈ
π¬
The #stablecoin sector continued to grow rapidly and remains exposed to liquidity risks while a few signs of unding pressures emerged after the Russian invasion of Ukraine, the effects in broad short-term funding markets have been limited to date
#COINcidence #stabledance
The #stablecoin sector continued to grow rapidly and remains exposed to liquidity risks while a few signs of unding pressures emerged after the Russian invasion of Ukraine, the effects in broad short-term funding markets have been limited to date
#COINcidence #stabledance
π¬
The #stablecoin sector remained highly concentrated, with the three largest stablecoin issuers
@Tether_to $USDC from @circlepay and @BUSD
constituting more than 80 percent of the total market value
#COINcidence #stabledance βπ΅οΈ
The #stablecoin sector remained highly concentrated, with the three largest stablecoin issuers
@Tether_to $USDC from @circlepay and @BUSD
constituting more than 80 percent of the total market value
#COINcidence #stabledance βπ΅οΈ
π¬
#Stablecoins typically aim to be convertible, at par, to dollars, but they are backed by assets that may lose value or become illiquid during stress;
hence, they face redemption risks similar to those of prime and tax-exempt MMFs
#COINcidence #stabledance π΅οΈ
#Stablecoins typically aim to be convertible, at par, to dollars, but they are backed by assets that may lose value or become illiquid during stress;
hence, they face redemption risks similar to those of prime and tax-exempt MMFs
#COINcidence #stabledance π΅οΈ
π¬
These vulnerabilities may be exacerbated by a lack of transparency regarding the riskiness and liquidity of assets backing #stablecoins
#COINcidence #stabledance π΅οΈ
These vulnerabilities may be exacerbated by a lack of transparency regarding the riskiness and liquidity of assets backing #stablecoins
#COINcidence #stabledance π΅οΈ
π¬
Additionally, the increasing use of #stablecoins to meet margin requirements for levered trading in other #cryptocurrencies may amplify volatility in demand for stablecoins and heighten redemption risks
#COINcidence #stabledance π΅οΈ
Additionally, the increasing use of #stablecoins to meet margin requirements for levered trading in other #cryptocurrencies may amplify volatility in demand for stablecoins and heighten redemption risks
#COINcidence #stabledance π΅οΈ
π¬
A #CBDC has the potential to support financial stability In a rapidly digitizing economy, the proliferation of new types of digital money, including #stablecoins, could present risks to both individual users and the financial system as a whole
#COINcidence #stabledance π΅οΈ
A #CBDC has the potential to support financial stability In a rapidly digitizing economy, the proliferation of new types of digital money, including #stablecoins, could present risks to both individual users and the financial system as a whole
#COINcidence #stabledance π΅οΈ
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source: federalreserve.gov/publications/fβ¦
from @federalreserve π
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source: federalreserve.gov/publications/fβ¦
from @federalreserve π
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