Moody’s Highlights Risks of Stablecoin Boom
The rapid expansion of cryptocurrency use, including stablecoins, in developing countries poses risks to monetary sovereignty and financial stability, according to a report by the rating agency Moody’s.International credit rating agency that provides credit ratings, research and risk analysis for governments and corporations.
Moody’s Highlights Risks of Stablecoin Boom
The rapid expansion of cryptocurrency use, including stablecoins, in developing countries poses risks to monetary sovereignty and financial stability, according to a report by the rating agency Moody’s.
Moody’s warns of risks from the tokenisation of US Treasuries
The growing use of yield-bearing tokenised US Treasuries as collateral for margin trading is opening “new channels of risk transmission” between markets, Cointelegraph reported, citing Moody’s.
Moody’s records 609 depegs of large stablecoins in 2023
In 2023, high-market-cap stablecoins lost their peg to the underlying asset 609 times, according to Moody’s Analytics.
Moody’s flags AI and blockchain potential in transforming financial markets
The use of blockchain technology and artificial intelligence (AI) could potentially reduce the costs borne by issuers of financial instruments such as bonds over the next five years, according to Moody’s report.
Moody’s sees blockchain benefiting municipalities
Municipalities could cut costs and improve transparency in how they use funds by issuing bonds on a blockchain. While adoption carries certain risks, Moody’s analysts said, The Block reports.
Moody’s: USDC depeg could erode trust in stablecoins
Analysts at Moody’s believe that the recent depegging of USD Coin (USDC) from the US dollar could hamper the development of stablecoins and lead to tighter regulation.
Moody’s downgrades Silvergate Bank rating
Moody’s downgraded Silvergate Bank’s rating from 'Ba3' to 'B2' following a reduction in the baseline credit assessment of the financial institution. The Block reports.
Moody’s to develop scoring system for stablecoins
Moody’s, the ratings agency, is developing a scoring system for “stablecoins.” It will be based on the assessment of the quality of reports confirming collateral, Bloomberg reports.
JPMorgan: Shanghai hard fork and FTX collapse are positive for Coinbase
The upcoming Shanghai hard fork on the Ethereum network and the crypto platforms' 'problem child' status following the collapse of FTX support JPMorgan's 'neutral' rating on Coinbase shares, according to Cointelegraph.
Moody’s downgrades Coinbase bond rating
Moody’s downgraded Coinbase’s bitcoin-exchange rating from Ba2 to Ba3, with a further downgrade anticipated. Analysts attributed the move to the negative crypto market environment.We use cookies to improve the quality of our service.
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