Stablecoin Collapse Predicted To Hurt US Bond Market And Economy: Report
Regulators are worried that if an event like TerraUSD's collapse occurs again, the U.S. economy will feel the tremors.
Source: ibtimes.com
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OCC: Vulnerabilities Of Cryptocurrency
At DC Blockchain Summit 2022 Office of the Comptroller of the Currency remarked on vulnerabilities of cryptocurrency in light of the recent market volatility and other events in the crypto economy: Fragmentation and hacks, Contagion risks and Custody Ownership Rights
Source: natlawreview.com
Bitcoin Eyes Record Losing Streak After "Stablecoin" Collapse
Cryptocurrencies nursed large losses on Friday, with bitcoin pinned below $30,000 and set for a record losing streak as the collapse of TerraUSD, a so-called stablecoin, rippled through markets.
Source: ndtv.com