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Join the Securities Litigation and Enforcement Group on LinkedInRegulators 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 […]