scorecardresearchCrypto: Global regulators back 'same risk, same regulation' for stablecoins

Crypto: Global regulators back 'same risk, same regulation' for stablecoins

Updated: 13 Jul 2022, 09:53 AM IST
TL;DR.
Stablecoins are cryptocurrencies designed to have a stable value relative to traditional currencies, or to a commodity, to avoid the volatility that makes bitcoin and other digital tokens impractical for most commerce.
Terra stablecoin pricing on the DeFi Llama website on a laptop computer arranged in the Brooklyn borough of New York, US, on Monday, May 16, 2022. The collapse of the Terra ecosystem, and the tokens Luna and UST, will go down as one of the most painful and devastating chapters in crypto history.�Photographer: Gabby Jones/Bloomberg

Terra stablecoin pricing on the DeFi Llama website on a laptop computer arranged in the Brooklyn borough of New York, US, on Monday, May 16, 2022. The collapse of the Terra ecosystem, and the tokens Luna and UST, will go down as one of the most painful and devastating chapters in crypto history.�Photographer: Gabby Jones/Bloomberg