(AF) US Treasury Secretary Janet Yellen is to head a meeting of finance experts amid concern that stablecoins – cryptocurrencies linked to fiat currencies – are posing risks to markets, according to the Wall Street Journal.
Crypto exchanges and derivatives traders use stablecoins, including tether and Binance USD, as collateral and also to pay out on some contracts but some market participants view them as untrustworthy, the report stated.
