Pain ahead for algorithmic and non-cash backed stablecoins: IMF director
Blog iconThe Cointelegraph
Jul 28
IMF Director Tobias Adrian believes uncollateralized and algorithmically-stabilized stablecoins pose too great a threat to holders and may experience further sell-offs. 463 Total views 39 Total sharesPain ahead for algorithmic and non-cash backed stablecoins: IMF directorThe International Monetary Fund (IMF)'s director of capital markets believes there could be further failures of "coin offerings," including algorithmic stablecoins amid the ongoing crypto winter. In the interview with Ya...

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