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Join the Securities Litigation and Enforcement Group on LinkedInJoe Weisenthal on Terra- Bloomberg
Here’s the thing though, just because it may be a crucial component of the future DeFi vision doesn’t mean it’s necessarily going to be possible. The question remains how can you just create an asset and set the price unless you have an infinite amount of money, or some other persistent source of cash flow, to back it? Source: […]
Stablecoins Like Tether Should Face Regulators’ Scrutiny – Bloomberg
A money-market fund would never be allowed to follow such policies. The Securities and Exchange Commission permits money-market funds to use a $1 NAV under stable pricing conventions — valuing assets at amortized cost rather than at market price, and using “penny rounding” pricing — only on the condition that they limit their risk. Their […]