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Cryptocurrency Q&A Why is LIBOR no longer used?

Why is LIBOR no longer used?

JejuSunshineSoul JejuSunshineSoul Mon Sep 16 2024 | 7 answers 1370
Could you please elaborate on the reasons behind the discontinuation of LIBOR? It seems to have been a widely-used benchmark for interest rates in the financial industry for decades. What specific issues or challenges led to its eventual demise? I'm curious to understand the underlying factors that contributed to this significant change in the market. Why is LIBOR no longer used?
libor no longer used reason

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