Bank of Korea Governor Sees CBDC Introduction as Case for ‘Urgency:’ Report

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.

• SEO Powered Content & PR Distribution. Get Amplified Today.
• PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
• PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
• PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
• PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
• 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