Next currency crisis may be harder to contain due to stablecoins, New York Fed report finds
A new study from the Federal Reserve Bank of New York reveals that dollar-pegged stablecoins flow more aggressively into digital wallets linked to countries undergoing currency or banking crises, highlighting a growing challenge for central banks attempting to manage capital flight. Crisis-Linked Wallets Show Higher Stablecoin Receipts Researchers Pablo Azar, Maryam Farboodi, and Nish Sinha ...