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The Daily Hodl
2022-05-30 19:55:46

Top US Banking Regulator Says Tether (USDT) May Have Similar Vulnerability to TerraUSD (UST) Without Regulation

Top US Banking Regulator Says Tether (USDT) May Have Similar Vulnerability to TerraUSD (UST) Without Regulation

The head of a key US banking regulatory agency says Tether (USDT), a stablecoin designed to be pegged to the US dollar, may not be a safe place for crypto investors to park their capital. Earlier this month, Terra (LUNA), now named Terra Classic, fell to essentially zero as Terra’s UST stablecoin lost its peg […]The post Top US Banking Regulator Says Tether (USDT) May Have Similar Vulnerability to TerraUSD (UST) Without Regulation appeared first on The Daily Hodl.

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