The Transformation of the Global Monetary and Financial System Under Tokenization
... control. Evidence of such intentions can be seen in the current investments made by system-forming U.S. banks not so much in cryptocurrencies themselves as in the blockchain ecosystems associated with them, such as Axoni, Metamask, Coinmetrics, Chainalysis,... ... investors from the risks associated with using this instrument [ 6 ]. First, the liquidity of stablecoins is lower than that of fiat currencies when conducting conversion operations. Second, the inability to verify the actual backing of stablecoins increases ...