Stablecoins Are the ‘Biggest Misnomers’ and ‘Oxymorons’ Says New Zealand Central Bank Governor

The New Zealand Central Bank governor, Adrian Orr, not too long ago branded stablecoins “the largest misnomers” and “oxymorons.” Orr additionally rejected the notion that cryptocurrencies may function a alternative or complement to central bank-issued cash. Stablecoins Not a Viable Substitute for Money Despite their rise as a substitute for fiat foreign money in some areas, stablecoins are […]