risks

It is reported that the International Monetary Fund (IMF) has warned G20 countries that the widespread use of encrypted assets may cause banks to lose deposits and reduce loans. The report said: “The widespread use of encrypted assets has brought huge risks to the effectiveness of monetary policy, exchange rate management, capital flow management measures and fiscal sustainability. In addition, central bank reserves and the global financial safety net may need to be changed, resulting in potential instability. Finally, banks may lose deposits and have to reduce lending.” The report…

According to the report, the loan agreement Aave said that in view of the current fluctuations around the stable currency, the Aave DAO has frozen USDC, USDT, DAI, FRAX and MAI on the Aave v3 Avalanche. This measure can prevent new positions from adding risks to the agreement. Interpretation of this information: A recent report from loan agreement platform Aave has announced that it has frozen several stable currencies including USDC, USDT, DAI, FRAX and MAI on the Aave v3 Avalanche platform. The reason behind the move has been attributed…