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A new BIS research paper finds of the 68 stablecoins 'pegged' to the value of a specific asset, not one of them has been able to maintain parity with their pegs at all times
<ul> <li>New BIS analysis of the <a href="https://www.bis.org/statistics/rpfx22.htm"><span class="firstword">2022</span> Triennial Central Bank Survey</a> shows shifts in trading patterns and market structure in foreign exchange and over-the-counter interest rate derivatives markets, identifying risks deserving attention.</li> <li>Foreign exchange swap positions point to over $80 trillion of hidden US dollar debt, reported off-balance sheet. </li> <li>T...