Adrian Orr: 'Stablecoins are not stable' | interest.co.nz

Retrieved on: 2024-02-12 21:01:48

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Cryptocurrencies

Stablecoin

Currency

Monetary reform

Numismatics

Reserve Bank of New Zealand

Central Bank Digital Currency

Fiat money

Adrian Orr

New Zealand

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Adrian Orr: 'Stablecoins are not stable' | interest.co.nz. View article details on HISWAI: https://www.interest.co.nz/investing/126348/reserve-bank-governor-adrian-orr-says-stablecoins-and-cryptocurrencies-are-not

Summary

Reserve Bank of New Zealand Governor Adrian Orr emphasizes that stablecoins and cryptocurrencies like Bitcoin are speculative and not true substitutes for central bank-issued fiat money, warning against overreliance on them.

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