Crypto-Follow logo Crypto-Follow logo
Vauld Insights 2022-05-10 12:30:00

FED Report Says Stablecoins Face Redemption Risks

The crypto community found itself going back to the Federal Reserve’s (Fed) latest report after Terra blockchain’s algorithmic stablecoin TerraUSD (UST) fell to 70 cents, as opposed to its guaranteed peg to $1. The Fed had recently published its “Financial Stability Report” reiterating its former warning to investors against the risk of sudden, mass redemption […]The post FED Report Says Stablecoins Face Redemption Risks appeared first on Vauld Insights.

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer