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Yellen: This week we've had real life demonstration of risks from stablecoins
Yellen: This week we have had a real life demonstration of the risks from stablecoins
— db (@tier10k) May 12, 2022
Added at 10:30am
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US TREASURY SECRETARY YELLEN ALSO HIGHLIGHTS TETHER ALSO `BROKE THE BUCK' BRIEFLY. $USDT
— BreakingCrypto (@BreakingCrypto0) May 12, 2022
Added at 10:30am
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US TREASURY SECRETARY YELLEN: TREASURY IS WORKING HARD ON STABLECOIN RISK REPORT.
— BreakingCrypto (@BreakingCrypto0) May 12, 2022
Added at 10:32am
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In response to a question from Rep @PatrickMcHenry, @SecYellen says "of course" she makes a distinction between algorithmic stablecoins and asset-backed stablecoins
— @[email protected] (@nikhileshde) May 12, 2022
Added at 10:35am
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Yellen: "I think creating a framework that is appropriate to the risks that stablecoins really provides the kind of certainty that issuers of stablecoins need to thrive in," says industry complains about reg uncertainty
— @[email protected] (@nikhileshde) May 12, 2022