A Bank of Korea study indicates that dollar-backed stablecoins may depress local currencies, linking Binance-paired buying pressure to currency depreciation.
A study by the Bank of Korea finds that dollar-backed stablecoins can push local currencies lower. The research notes a correlation between buying pressure in Binance-paired currencies and depreciation of local currencies as market makers balance positions.
Further verified details were not immediately available.
Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.
Plus de Marcus Webb →
