Regulators Are Paying Attention to UST

The introduction of the Libra stablecoin undertaking led to, years later, a number of regulatory approaches and the knowledge that ultimately, governments may have guidelines in place for the way stablecoins can function. However, all of those efforts have targeted on asset-backed stablecoins, not algorithmic stablecoins. The novel buildings right here would possibly lead to new approaches from regulators. The main distinction? Libra by no means launched, and there haven’t been any asset-backed stablecoin collapses the way in which there was with UST. That distinction might lead to regulators putting a better precedence on this difficulty.