The ability of stablecoins, cryptocurrencies whose value is linked a fiat currency such as the dollar or euro, to hold their pegs, has been bought into focus this week. On Wednesday, ratings company S&P introduced a system for evaluating exactly that feature and rated tether, the largest stablecoin by market value, just one rank above the lowest in its five-point scale. None of the eight coins evaluated warranted top marks.
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- Source: https://www.coindesk.com/policy/2023/12/15/bank-of-korea-governor-sees-cbdc-introduction-as-case-for-urgency-report/?utm_medium=referral&utm_source=rss&utm_campaign=headlines