Tether whales rushed to redeem $16 billion in USDT following the collapse of Terra’s algorithmic stablecoin, rivaling history’s largest bank runs
Industry members weigh in on how the fall of TerraUSD might affect government policy relating to a central bank digital currency
The framework legislators should use for stablecoins has already been introduced, Yellen said
The UST situation is real-time proof that lawmakers’ concerns about stablecoins are not unfounded
UST’s crash was only just beginning when Yellen appeared before senators Tuesday morning
The Treasury will issue a “comprehensive report” on cryptocurrencies and stablecoins “shortly,” Yellen said
In its first sanction against a crypto mixing service, the Treasury targets Blender.io, which it says was used in the Ronin Network breach
Hackers stole $625 million last month from the Ronin Network, a sidechain used for play-to-earn game Axie Infinity
MicroStrategy’s CEO calls US Treasury Secretary’s speech on digital assets last week a “green light” for the crypto economy
The Treasury secretary reiterated the goals of President Biden’s recent executive order on digital assets and highlighted areas most in need of regulation