According to ChainCatcher news, the European Central Bank (ECB) has questioned the view that stablecoins are a “safe haven” for investors during market turmoil, stating that stablecoins are actually a I found that it was greatly influenced by policy.
The research report examines the relationship between U.S. monetary policy, money market funds (MMFs), and stablecoins. He argues that monetary policy, particularly dollar policy, is the key to linking cryptocurrencies and traditional financial markets. Stablecoins, which typically have a fixed price pegged to a fiat currency (usually the dollar), are susceptible to shocks from within traditional financial markets, such as changes in U.S. monetary policy such as interest rate hikes.
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