Stablecoins’ recent de-pegging is not a ‘real threat to financial stability,’ says Janet Yellen

According to United States Treasury Secretary Janet Yellen, the stablecoin market is not at the scale in which the price TerraUSD (UST) and Tether (USDT) dropping below one U.S. dollar would present a threat to the country’s financial stability.

In a Thursday hearing of the House Financial Services Committee on the Financial Stability Oversight Council’s annual report to Congress, Yellen hinted that the stablecoin market was not yet at a size in which UST dropping to under $0.40 and USDT…

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