cryptocurrenciesInvestor interest is increasing day by day. This paves the way for more crypto projects to be launched.
on the market cryptocurrency drawing attention to the multiplicity of the project International Monetary Fund (IMF) Tobias Adrian, director of money and capital markets, said that he believes more crypto money projects may fail in the future.
In an interview with Yahoo Finance, Tobias Adrian said, crypto- He said the markets may see more selling pressure.
“We may see more selling in both cryptocurrencies and risky asset markets like stocks.
More failures could occur with all cryptocurrencies, including stablecoins.”
IMF directorTerraUSD (UST) After stating that he thinks his algorithmic stablecoin has triggered the current crisis in the cryptocurrency market, “There are others who may fail.” said.
largest on the market stablecoin seen as Tether (USDT) Aiming at the same time, Adrian thinks that there may be more pain in the future for fiat-backed stablecoins like Tether.
“There is a vulnerability there because they are not supported one-on-one.
Some fiat-backed stablecoins are backed by risky assets. In this context, the fact that some stablecoins are not fully supported by cash equivalents is definitely a vulnerability.”
Finally, the IMF director said if the US economy goes into a recession cryptocurrency He said he believes even steeper sales will be seen in its units.
As will be remembered IMF In his report published yesterday, he stated that the collapses in the crypto money market are not a concern for global financial stability.