Pain ahead for algorithmic and non-cash backed stablecoins: IMF director
![Pain ahead for algorithmic and non-cash backed stablecoins: IMF director](https://cryptoinvestment.at/wp-content/uploads/2022/07/pain-ahead-for-algorithmic-and-non-cash-backed-stablecoins-imf-director.jpg)
IMF Director Tobias Adrian believes uncollateralized and algorithmically-stabilized stablecoins pose too great a threat to holders and may experience further sell-offs.
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IMF Director Tobias Adrian believes uncollateralized and algorithmically-stabilized stablecoins pose too great a threat to holders and may experience further sell-offs.