The token’s price rallied about 9% in the past 24 hours, hitting $11 after trading sideways within roughly $5 and $9 range since May 2022. It has since given up some of its gains but has still managed to advance 43% over the past month, making it one of the best gainers among the large-cap digital assets, CoinDesk data shows.
Financial Stability Board (FSB) to Work More on Stablecoin Risks in Emerging, Developing Economies
"In emerging market and developing economies (EMDEs), crypto-assets pose particular challenges for monetary policy and capital flow management," the FSB...