CoinGape
2024-02-12 12:33:10

New Zealand Central Bank Governor Raises Major Red Flag on Stablecoins

Adrian Orr, the governor of the New Zealand central bank has raised major concerns over digital assets, especially stablecoins. He added that in no way the fiat-pegged stablecoins could be a substitute for real fiat money. Stablecoins’ Stability Misconception Adrian Orr, Governor of the Reserve Bank of New Zealand, cautioned against the perceived stability of The post New Zealand Central Bank Governor Raises Major Red Flag on Stablecoins appeared first on CoinGape .

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.