Stablecoins Are the ‘Biggest Misnomers’ and ‘Oxymorons’ Says New Zealand Central Bank Governor

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The New Zealand Central Financial institution governor, Adrian Orr, not too long ago branded stablecoins “the most important misnomers” and “oxymorons.” Orr additionally rejected the notion that cryptocurrencies might function a substitute or complement to central bank-issued cash. Stablecoins Not a Viable Substitute for Cash Regardless of their rise as a substitute for fiat foreign money in some areas, stablecoins are […]

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