According to the Daily Planet, Adrian Orr, governor of the Reserve Bank of New Zealand, has warned against cryptocurrencies such as stablecoins, saying they are not a substitute for fiat currencies. Orr told a parliamentary committee in Wellington that stablecoins are the "biggest misnomer" and "contradiction." He pointed out: "Stablecoins are not stable. The value of a stablecoin depends entirely on the balance sheet of its issuer."

#稳定币