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What now for stablecoins following the Terra UST disaster? What now for stablecoins following the Terra UST disaster?

What now for stablecoins following the Terra UST disaster?

The Terra implosion provoked a backlash from lawmakers who say tougher rules on stablecoins are needed to govern the space.

What now for stablecoins following the Terra UST disaster?

Cover art/illustration via CryptoSlate

It’s been over a week since Terra UST de-pegged, triggering a massive market drawdown.

UST’s market cap plummeted from $18.7 billion to $1.15 billion at writing.

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