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‘Disruptive’ stablecoins and how they can ‘shock other markets as well’
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ambcrypto.comThe cumulative market cap of the three leading stablecoins has more than tripled from the beginning of the year to hit around $100 billion this week. Tether, USD Coin, and Binance USD‘s market caps have surged by 158%, 400%, and 742%, respectively.
In the past, the International Monetary Fund (IMF) had published a report highlighting the growth of these crypto-assets. However, it also raised some red flags over wider economic problems later down the line.
It would seem now that the IMF isn’t alone in having such apprehensions.
One of the ‘Big Three’ credit rating agencies, Fitch Ratings, hasissued a report that says stablecoin growth could affect securities and commercial paper (CP) markets. According to the agency, stablecoins could be
Read more on ambcrypto.comAbout this in other media
Crypto markets tag $3T combined market cap for first time cointelegraph.com /3 years ago
Regulators are coming for stablecoins, but what should they start with? cointelegraph.com /3 years ago
Stablecoins report: SEC won’t lead regulation, Congress urged to act cointelegraph.com /3 years ago
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