DeFi’s Decentralization Is an Illusion: BIS Quarterly Review


The review warned that stablecoins like DAI, which are backed by crypto assets, are “exposed to market risk, because the value of these assets can quickly drop below the face value of stablecoins.” The crypto arena doesn’t have a fallback like banks that can provide liquidity at times of stress, the report said.


Leave a Reply

Your email address will not be published. Required fields are marked *