Yellen Highlights UST Woes at Hearing on Financial Risks: Will Stablecoin Regulation Come Sooner Than Later?

Name: Yellen Highlights UST Woes at Hearing on Financial Risks: Will Stablecoin Regulation Come Sooner Than Later?
Uploaded: 2022-05-10T18:48:33Z
Duration: 6 min 398 s
Description: U.S. Treasury Secretary Janet Yellen brought up the ongoing distress of the UST stablecoin during testimony before the Senate Banking Committee on Tuesday. This came as UST depegged from the dollar, falling as much as 40% before rebounding. “The Hash” team discusses the news timing as stablecoin regulation comes into focus on Capitol Hill.

May 10, 2022

U.S. Treasury Secretary Janet Yellen brought up the ongoing distress of the UST stablecoin during testimony before the Senate Banking Committee on Tuesday.

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