TerraUSD, Terra LUNA Price Drop As Algorithmic Stablecoins Face Ban

TerraUSD, Terra LUNA Price Drop As Algorithmic Stablecoins Face Ban


cryptonews
2022-09-21 01:18:00

The USTC, LUNA and LUNC price are in the red today amid breaking news that a House stablecoin bill could see coins like TerraUSD banned for two years. Bloomberg, who obtained a copy of the proposed stablecoin bill, reported: Stablecoin legislation being drafted in the House would place a two-year ban on crypto coins similar to TerraUSD, the algorithmic stablecoin that collapsed earlier this year....Read More: TerraUSD, Terra LUNA Price Drop As Algorithmic Stablecoins Face Ban