One month on from Terra ecosystem implosion, only one cryptoasset in the top 100 is in the green
The new legislation, which comes into effect in 2023, defines stablecoins as digital money and restricts issuance to licensed financial institutions
The UST situation is real-time proof that lawmakers’ concerns about stablecoins are not unfounded
Do Kwon claims he’s “close to announcing a recovery plan for $UST”