Hello Crypto Fam.
So, the FSB has released a recommendation on stablecoin regulation. They are doubting the notion that stablecoins are "stable," arguing that issuers lack the necessary tools to keep their stablecoin peg at all times, implying that no stablecoin currently meets their recommendations.
This is what they said about it:
Most existing stablecoin issuers promise (implicitly or explicitly) to maintain a stable value, typically relative to a single fiat currency. However, many of these existing stablecoins are issued by unregistered and unlicensed entities and do not have credible mechanisms to support their promise of price stability.
What do you guys think about this? Would you recommend the use of stablecoins or they just aren't worth the risk?
Original source of the story:
https://tokenist.com/fsb-says-no-stablecoin-currently-passes-its-recommendations/I recommend you to save your funds in stable coins like USDT, USDC and BUSD. These coins are to safe and secure and also it's price will also stable. You can use exchange like Binance and wallet like Trust Wallet these are also most safe and secure for saving stable coins.