Decentralised finance is considered by some to be the next big thing in blockchain, but money is leaving the sector amid a cryptocurrency downturn and questions about loose regulatory oversight. Photo: Shutterstock
Decentralised finance is considered by some to be the next big thing in blockchain, but money is leaving the sector amid a cryptocurrency downturn and questions about loose regulatory oversight. Photo: Shutterstock
Blockchain

DeFi apps see money leaving sector amid cryptocurrency downturn as market loses some of its lustre

  • DeFi tokens are seeing large declines in value even when backed by stablecoins, which are designed to not fluctuate as much as cryptocurrencies like bitcoin
  • Decentralised finance apps, which run on blockchain, could face tougher regulatory scrutiny as the sector grows

Decentralised finance is considered by some to be the next big thing in blockchain, but money is leaving the sector amid a cryptocurrency downturn and questions about loose regulatory oversight. Photo: Shutterstock
Decentralised finance is considered by some to be the next big thing in blockchain, but money is leaving the sector amid a cryptocurrency downturn and questions about loose regulatory oversight. Photo: Shutterstock
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