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Rise of Stablecoins, DeFi Make Central Bank Currencies ‘Urgent’: Bank for International Settlements

decrypt.co
 2021-09-10

Cover picture for the articleKey pillars of today’s cryptocurrency industry—like stablecoins and DeFi—pose a threat to the worlds’ central banks, according to Benoit Coeuré, head of the Bank for International Settlements’ (BIS) Innovation Hub. DeFi, or decentralized finance, is a suite of crypto products that replicate many common services in traditional finance, like...

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