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Terra’s collapse has intensified U.S. regulatory scrutiny surrounding stablecoins. What’s next?

Financial Services

Max Mandich
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Last week’s price collapse of algorithmic stablecoin Terra has highlighted regulatory concerns surrounding stablecoins as U.S. policymakers have continued to examine potential policy frameworks for the growing asset class. As of this writing, Terra continues to trade well below its $1 target peg while sister token Luna has also plummeted in value, catalysed by a downdraft…

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