New Zealand Central Bank Governor Warns Stablecoins are “Not Stable”
Wellington, New Zealand – New Zealand’s central bank governor, Adrian Orr, has issued a strong warning about cryptocurrencies, particularly stablecoins, stating they are not a reliable alternative to traditional fiat currencies. During a parliamentary committee meeting on February 12, 2024, Orr called stablecoins “the biggest misnomers” and “oxymorons,” highlighting concerns about their stability and potential … Read more