Supposedly decentralized finance is anything but, IOSCO claimed in its statement. In practice, DeFi often involves central actors who retain control, the report said. It also cast doubt on the claim of stablecoins to be backed and collateralized, saying that in practice, users would not always be able to redeem holdings at face value. www.coindesk.com
Supposedly decentralized finance is anything but, IOSCO claimed in its statement. In practice, DeFi often involves central actors who retain control, the report said. It also cast doubt on the claim of stablecoins to be backed and collateralized, saying that in practice, users would not always be able to redeem holdings at face value.
www.coindesk.com