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Stablecoin Growth Could Affect Credit Markets, Rating Agency Warns

Fitch notes potential asset contagion risks posed by stablecoins could lead to tighter regulations for the industry, the Cointelegraph reported. The growth of stablecoins that are not fully backed by safe assets could trigger a destabilization in short-term credit markets, rating agency Fitch has warned. In a commentary note, the agency explained that coins that are […]