As U.S. lawmakers push for the urgent regulation of stablecoins, the Financial Stability Oversight Council (FSOC) and the Federal Reserve Board warn about the risks
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The Fed cites worries about stablecoin in its latest Financial Stability Report
The report points out stablecoin’s possible low stress resistance and overuse in leveraged cyptocurrency trading, reiterates its position on CBDC.
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UST Rebounds From $0.66 per Coin to $0.93, Crypto Community Assesses Stablecoin’s Damaged Reputation
On Monday, May 9, 2022, the stablecoin terrausd (UST) lost its parity with the U.S. dollar and dropped to an all-time low of $0.66 per
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Ethereum rises vs. Bitcoin despite crypto market rout — will ETH/BTC gain 50% by June?
ETH/BTC rallies to test its ‘ascending triangle’ pattern for a bullish breakout.
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Binance temporarily suspends LUNA, UST withdrawals citing network congestion
The market value of UST, Terra’s stablecoin offering, recently fell below the expected $1 price point as LUNA’s price witnessed a sharp decline owing to
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Nouriel Roubini oversees the development of tokenized dollar replacement
Nouriel Roubini is helping develop a tokenized financial instrument aiming to act as an alternative to the U.S. dollar for major investors.
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