News about Price

by COINS NEWS - 1 week ago

Let's talk Stablecoins. If a holder of a stablecoin loses access to their wallet due to a various reason, essentially locking the underlying assets on the balance sheets of issuers forever, are there risks of price distortions of the underlying assets?

This is the definition of a stablecoin that I am using. A stablecoin is a type of cryptocurrency designed to maintain a stable value by pegging its market price to an external reference asset, such as a fiat currency like the U.S. dollar, a commodity...