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USDT backs ‘commercial paper’ tying By Cointelegraph

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USDT backs ‘commercial paper’ tying By Cointelegraph
Stablecoins under scrutiny: USDT backs ‘commercial paper’ tying up

The stablecoin market has been growing exponentially, and last week Eric Rosengren, president of the Federal Reserve Bank of Boston, appeared to raise a warning flag.

“There are many reasons to think that stablecoins, at least many of the stablecoins, are not actually particularly stable,” he said in comments before the Official Forum of Monetary and Financial Institutions, expressing concern that “a future [financial] The crisis could easily be triggered as these become a more important sector of the financial market, unless we start regulating them. ”