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Bank of Korea: Binance Stablecoin Pairs Can Push Local Currencies Lower

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A Bank of Korea issue note finds that stablecoin pairs on Binance let demand for dollar-pegged tokens move the exchange rates of paired currencies.

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Bank of Korea: Binance Stablecoin Pairs Can Push Local Currencies Lower
Blockchain Reporter 1h ago

Bank of Korea: Binance Stablecoin Pairs Can Push Local Currencies Lower

A Bank of Korea issue note finds that stablecoin pairs on Binance let demand for dollar-pegged tokens move the exchange rates of paired currencies.