TerraUSD-Like Stablecoins Would Be Banned For Two Years Under New House Committee Plan

The House of Representatives Financial Services Committee has proposed a bill that would put a two-year ban on algorithmic stablecoins such as TerraUSD Classic (USTC), which collapsed dramatically —  making the entire ordeal one of the single-biggest capital destructive events in the history of crypto. U.S. House Lawmakers Propose Stablecoin Regulation The House is debating […]