Daily Archives: May 14, 2022, 10:24 am

Regulators anxious about stablecoins like tether after UST collapse

U.S. Treasury Secretary Janet Yellen directly addressed the issue of both UST and tether “breaking the buck” this week. In a congressional hearing, Yellen said such assets don’t currently pose a systemic risk to financial stability — but suggested they eventually could. “I wouldn’t characterize it at this scale as a real threat to financial stability but they’re growing very…

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