Treasury

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