Nobel Prize Winner Warns of Hidden Risks in Stablecoin Market

Renowned economist Jean Tirole, recipient of the Nobel Prize, has issued a warning about the potential risks associated with stablecoins for retail investors. He emphasizes that despite their perceived safety, stablecoins, which are pegged to fiat currencies like US dollars, pose significant hidden dangers if they lose their peg. His concerns stem from the volatility of underlying assets backing these tokens and their susceptibility to market fluctuations.