Treasury Secretary Janet Yellen urgently needs to have a regulatory framework for stablecoin aimed at minimizing the volatile price volatility found in most cryptocurrencies for TerraUSD de-pegging. Said that it shows that.
“Stablecoin, known as TerraUSD, has experienced execution and has been declining in value,” Yellen said. testimony Before the Senate Bank, Housing and Urban Affairs Commission on Tuesday. “I think this is just a sign that this is a fast-growing product, there is a risk of financial stability, and a proper framework is needed.”