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<ul class="news-points">
 <li>The Bank for International Settlements (BIS) raised concerns about the stability and reliability of 68 stablecoins.</li>
 <li>BIS accentuated the most prominent assets, including Tether, USD Coin, and Binance USD.</li>
 <li>The BIS research concluded that “a stablecoin that never breaks its peg has yet to emerge.”</li>
</ul>
The Bank for International Settlements (BIS), an international financial institution, has raised concerns that the 68 stablecoins in the market “do not live up to their names”. In the <a href="https://t.co/SzP8H7TJjl" target="_blank" rel="noopener noreferrer nofollow">comprehensive analysis</a> released on November 8, the institution revealed that, to date, not one stablecoin has met the prerequisites to be a secure store of value.The study cited that none of the <a href="https://coinedition.com/what-is-a-stablecoin/" rel="noopener noreferrer nofollow">stablecoins</a> evaluated were able to maintain parity with their pegged closing prices. In comparing backed stablecoins and unbacked stablecoins, the BIS further explained:
<blockquote class="wp-block-quote">
 The fiat-backed ones [stablecoins] performed best: from January 2019 to September 2023, the median of the price-to-peg ratio for all fiat-backed stablecoins was exactly 1 in 94% of the days, compared with 77% and 50% of the days for crypto-backed and commodity-backed stablecoins, respectively.
</blockquote>
The report also dove int…
The post <a href="https://coinedition.com/bis-study-raises-concerns-about-the-store-of-value-of-68-stablecoins/" rel="noopener noreferrer nofollow">BIS Study Raises Concerns About the “Store of Value” of 68 Stablecoins</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

BIS Study Raises Concerns About the “Store of Value” of 68 Stablecoins

Coin Edition

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