Stablecoins are not a threat to the system says Janet Yellen
Fri, May 13, 2022 4:51 PM

Stablecoins are not a threat to the system says Janet Yellen

A Flip by Ria
Get it on Google Play
TerraUSD's fall (UST) is not a wake-up call for financial stability, states Janet Yellen, former Fed Chair. She added that currently, the stablecoins can't invoke a systematic risk as the stablecoin market is not yet large enough. Even though Janet Yellen reassured financial markets, a consideration has to be given as the total market cap of USDT, and USDC together totals $130 billion.

More great flips

Carlyle Group likely to sell 2% stake worth Rs 1,500 crore in Yes Bank

Carlyle Group likely to sell 2% stake worth Rs 1,500 crore in Yes Bank

Carlyle Group is likely looking to sell 2 percent stake worth Rs 1,500 crore in Yes Bank via block deal, sources told CNBC-TV 18 on May 2.The deal is likely to be launched tomorrow. Goldman Sachs is said to be the broker to the deal, sources added.Carlyle holds 8.74 percent stake in Yes Bank (post warrant conversion). The stake is held by entity named CA Basque Investments.

Open Flip
ChatGPT advises investors with high risk appetite to invest in cryptos

ChatGPT advises investors with high risk appetite to invest in cryptos

If you ask ChatGPT, the popular artificial intelligence (AI) chatbot, about the most feasible investing option one could explore as a high-risk investor, it promptly asks you to put your money in cryptocurrencies, among other options. Not only does it suggest investing in cryptos, but it also shares with the inquisitive user the key reason for doing so.

Open Flip
Birla Estates announces sales of Rs 2,500 crore for Silas at Birla Niyaara

Birla Estates announces sales of Rs 2,500 crore for Silas at Birla Niyaara

Birla Estates Pvt Ltd, a wholly-owned subsidiary of Century Textiles and Industries Limited and the real estate venture of the Aditya Birla Group, on May 2 announced record sales of its tower Silas at Birla Niyaara that clocked Rs 2,500 crore at launch.According to the company, this has propelled Birla Niyaara’s cumulative sales thus far to over Rs 5,400 crore.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon