Stable coins are a type of investment that can't be bailed out by banks or money market funds. There's no legal obligation for them to demonstrate they have assets back up their pegs, says Andrew Keen. Keen: "You do want things like this to fail if they're unworthy" But it doesn't mean you can just sit around and wait for all the other stable coins to fail as well," he adds.
Stablecoins are essential to the financial plumbing of the cryptocurrency world. They’re pegged to a real-world asset, usually the dollar. But when that peg breaks, things can turn ugly in a hurry. Much of India is suffering through a particularly blistering and costly
heatwave. And Indonesians’ love of songbirds is threatening wild bird populations within and beyond Indonesia itself. For full access to print, digital and audio editions of
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