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Entity

Dollar-backed

Dollar-backed stablecoins are cryptocurrencies whose value is pegged to the US dollar, designed to maintain a stable price. They are used for trading and as a store of value in the cryptocurrency market.

Why it’s in the news: It is in the news due to a Bank of Korea study finding that these stablecoins can negatively impact the value of local currencies.

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Latest on Dollar-backed

  • Dollar-backed stablecoins can push local currencies lower, Bank of Korea study finds

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2 entities linked to Dollar-backed across the news graph.

Also connected to (2)
Koreabank
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