Markets

Stablecoin contagion fears likely to spur regulatory clean-up

By Justin Pugsley
BRR fallback image

Signs of contagion among stablecoins are likely to prompt a rapid clean-up of the industry by regulators concerned that problems in the sector could infect traditional financial markets.

The once third largest US dollar stablecoin TerraUST plummeted in early May, which shortly afterwards affected an even bigger stablecoin called Tether. ...

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