​🇳🇿 New Zealand Central Bank Governor Adrian Orr has warned against cryptocurrencies such as stablecoins, saying they cannot replace legal tender.
According to him, stablecoins are the biggest misconception and contradiction; they are not stable, and their value depends entirely on the assets and liabilities of their issuer.
​🇳🇿 New Zealand Central Bank Governor Adrian Orr has warned against cryptocurrencies such as stablecoins, saying they cannot replace legal tender. According to him, stablecoins are the biggest misconception and contradiction; they are not stable, and their value depends entirely on the assets and liabilities of their issuer.