➡️Stablecoins are an oxymoron, New Zealand central bank governor Adrian Orr said during a parliamentary heading, according to a report by Bloomberg. “Stablecoins are not stable. ➡️They’re only as good as the balance sheet of the person offering that stablecoin,” he is quoted as saying. Some stablecoins have had their peg tested because of concerns about their balance sheet or the health of the institutions that store their assets.