Today news
About the same in other media
Yellen Renews Call for Stablecoin Regulation After TerraUSD Stumble
Reading now: 812
wsj.comWASHINGTON—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
Biden's pick for Fed vice chair for supervision calls for congressional action on stablecoins cointelegraph.com /2 years ago
German BaFin official calls for 'innovative' EU-wide DeFi regulation cointelegraph.com /2 years ago
Competition watchdog faces post-Brexit staffing crisis as auditors call for stress tests fnlondon.com /2 years ago
Show more
The website finance-news.co 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.
