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Yellen: Assets similar to UST are facing risks; we need stablecoin regulation
2022.05.10 - 14:35
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Yellen: Assets similar to UST are facing risks; we need stablecoin regulation
At a meeting on Capitol Hill, U.S. Treasury Secretary Yellen discussed the regulation of dollar-pegged stablecoins in the cryptocurrency market.
2022.05.10 - 14:35:59
Navigating Web3 tides with focused insightsTechFlow News, May 10 — At a meeting on Capitol Hill, U.S. Treasury Secretary Yellen discussed regulation of dollar-pegged stablecoins in the cryptocurrency market. Yellen stated that legislation on stablecoin regulation is urgently needed, as this sector is growing rapidly and bringing significant risks. Notably, Terra's UST experienced a sharp decline today.
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