++ Bank of Italy sounds alarm about stablecoins ++ – English Service

Bank of Italy Deputy Director General
Chiara Scotti on Thursday sounded the alarm about the risks
posed by crypto assets in general, and stablecoins in
particular.

   
A stablecoin is a type of cryptocurrency whose value is supposed
to be pegged to and collateralized by a reference asset, which
can be fiat money or another cryptocurrency.

   

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