The flipside of stablecoins
The flipside of stablecoins The flipside of stablecoins The central bank banned privately developed baht-based stablecoins, yet indicated interest in developing its own coin in the future published : 19 Apr 2021 at 04:30 2 Stablecoins are a new class of cryptocurrencies pegged to traditional financial assets such as fiat currencies, offering crypto traders safe harbour in a market characterised by volatility. Thailand knows the risks of pegging currencies, given its attempt to tie the baht to the US dollar, which spurred the 1997 Asian financi...
Source: bangkokpost.com
