The OECD’s new report takes a somewhat technical look at the weaknesses of the current crypto market.
the impact of the crypto winter on retail investors and the role of “financial engineering” in the industry’s current problems and found a lot not to like.
The report noted that institutional market participants exited their positions sooner than retail investors, who may have even continued to invest as the market collapsed. Investors in TerraUSD , for example, had “little understanding of the circular and reflexive character of the so-called stablecoin, which had no tangible value.” Meanwhile, contagion spread through the industry due to its high interconnectivity.
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