US government proposes two-year ban on Algorithmic Stablecoins

Ad Details

  • Ad ID: 43537

  • Added: September 21, 2022

  • Location: Asia

  • State: India

  • City: Delhi

  • Phone: 09999097979

  • Views: 12

  • Website:

Description

This year, the entire world saw stablecoins abandon their association with the word “stable.” The entire cryptocurrency market had to bear the brunt of the fallout. An array of stablecoins were seen temporarily losing their peg due to Terra’s algorithmic TerraUSD [UST]. While governments around the world are keeping an eye on things, the US government appears to be focusing on algorithmic stablecoins.