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Yellen Renews Call for Stablecoin Regulation After TerraUSD Stumble

WSJ Original article ›
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US Treasury Secretary Yellen calls for Congress to authorize regulation of so called stable coins. TerraUSD founded by a South Korean developer has seen its price fall to 67 cents. Yellen said -"this is a rapidly growing product and there are risks to financial stability." At a Senate Banking Committee hearing Yellen said "we really need a consistent federal framework."



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