FINANCIAL AND MONETARY SYSTEMS

What stablecoins can learn from history's
currency pegs

Jul 3, 2024

Recent volatility in the stablecoin market has historical precedents.

Image:Unsplash/Maxim Hopma

Marion Laboure

Managing Director - Macro Strategist, Thematic Research,Deutsche BanK

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This article is part of:Centre for Financial and Monetary Systems

• Recent volatility in the stablecoin market, like the collapse of TerraUSD, has raised concerns about the stability and reliability of these digital assets.
• However, an extensive deep dive into 334 historical currency pegs since 1800 reveals valuable lessons for stablecoins facing challenges today.
• By heeding the lessons of history, policy-makers and stablecoin issuers can work to build a more stable and trustworthy digital asset ecosystem.

more here ….

https://www.weforum.org/agenda/2024/07/what-stablecoins-can-learn-from-historys-currency-pegs/DYOR. Cheers Anton