Stablecoin has loads of potential to hurt rising markets and creating economies, the Reserve Financial institution of India (RBI) mentioned in its newest Monetary Stability Report, launched June 28. The report lists six threats that stablecoin presents.
RBI was a staunch critic of cryptocurrency, however he was significantly clear concerning the issues he sees with the stablecoin “from the angle of EMDEs (rising markets and creating economies).” It listed six particular issues, although:
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