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Stablecoins Like Tether Could Pose New Risks to Securities Markets, Fitch Warns

“Stablecoin-related turbulence could both affect the CP [commercial paper] market itself and transmit shocks to other market participants,” the ratings agency wrote.

A sign for the financial ratings agency Fitch in London, U.K. (Matt Lloyd/Bloomberg via Getty Images)
A sign for the financial ratings agency Fitch in London, U.K. (Matt Lloyd/Bloomberg via Getty Images)