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Dollar-backed stablecoins can push local currencies lower, Bank of Korea study finds

Compiled by KoinLens from 1 source

Importance 33Neutral* Trust 85 · 1 source3.0Market Impact: 3.0/10 · Low
The higher the score out of 10, the bigger the expected impact on the market. Heuristic estimate — not financial advice.
Dollar-backed stablecoins can push local currencies lower, Bank of Korea study finds

Buying pressure in Binance-paired currencies correlates with local currency depreciation as market makers balance positions.

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