What now for stablecoins following the Terra UST disaster?

1 year ago

Edge › E.U. · U.K. · U.S.› Terra › Stablecoins

The Terra implosion provoked a backlash from lawmakers who accidental tougher rules connected stablecoins are needed to govern the space.

4 min read

Updated: May 19, 2022 at 7:40 am

What present for stablecoins pursuing the Terra UST disaster?

Cover art/illustration via CryptoSlate

It’s been implicit a week since Terra UST de-pegged, triggering a monolithic marketplace drawdown.

UST’s marketplace headdress plummeted from $18.7 cardinal to $1.15 cardinal astatine writing.

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