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TechFlow news on May 12: U.S. Treasury Secretary Yellen stated that Terra is a real example of stablecoin risks, and the Treasury is accelerating efforts to produce a stablecoin risk report. Additionally, Yellen said the Financial Stability Oversight Council (FSOC) supports establishing capital and liquidity requirements for stablecoins.
Terra is a real-world example of stablecoin risk, and the Treasury is accelerating efforts to produce a report on stablecoin risks.
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