Bitcoin (BTC) $76,676.64 -0.54%
Ethereum (ETH) $2,124.82 0.26%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 84.935901 -0.10%
Dogecoin (DOGE) $0.10 -2.33%
Cardano (ADA) $0.25 0.26%
Chainlink (LINK) $9.62 1.19%
Litecoin (LTC) $54.24 0.33%
Dash (DASH) $42.90 5.86%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.831701 4.23%
X-Cash (XCASH) 7.0E-6 -0.84%

Cryptocurrencies: 28960

Markets: 114116

Market Cap: $2,557,594,794,866

24h Vol: $95,209,059,350

Bitcoinist

2022-11-22 13:11:12

Central Bank Of Hong Kong Reveals Its Assessments On Crypto-Backed Stablecoin

Central Bank Of Hong Kong Reveals Its Assessments On Crypto-Backed Stablecoin

Given the increased rate of digitalization, blockchain technology and the Crypto sector have found more applications in the traditional finance sector. Cryptocurrencies have provided new digital payment systems, broader financial inclusion, and innovation. However, digital assets are highly volatile, posing a challenge to their use as stores of value and means of payment. This volatility

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