Today news
About the same in other media
Yellen Renews Call for Stablecoin Regulation After TerraUSD Stumble
Reading now: 989
WASHINGTON—A decline this week in the price of a major cryptocurrency that was purportedly pegged to the dollar prompted Treasury Secretary Janet Yellen on Tuesday to reiterate calls for Congress to authorize regulation of so-called stablecoins.
TerraUSD, the fourth-largest stablecoin and 10th-largest cryptocurrency by market value according to CoinMarketCap, saw its price fall as low as 69 cents Monday after a series of large withdrawals over the weekend. Like other stablecoins, TerraUSD is intended to be a haven of sorts for cryptocurrency investors, with its price designed to remain fixed at $1.
Read more on wsj.comAbout this in other media
G7 financial officials call on Financial Stability Board to step up crypto regulation—report cointelegraph.com /1 year ago
Windfall tax would hit renewables investment, National Grid boss says theguardian.com /1 year ago
Was Terra’s UST cataclysm the canary in the algorithmic stablecoin coal mine? cointelegraph.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
