Add stablecoin instability to the stack of cryptocurrency troubles
May 13, 2022

Add stablecoin instability to the stack of cryptocurrency troubles

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A bank run. Panic selling. These are some of the not-so-enviable descriptions of what’s going on right now in cryptocurrencies. Bitcoin looks set for a record seventh week of losses, and so-called stablecoins have shown weakness. What's going on? Also, we hear the first part of our discussion with Marketplace's Kai Ryssdal about his sit-down interview with Fed chair Jerome Powell.

Segments From this episode

Fed Chair Jerome Powell: "Whether we can execute a soft landing or not, it may actually depend on factors that we don't control."

May 12, 2022
"I think the one thing we really cannot do is to fail to restore price stability," Powell told Kai Ryssdal.
Federal Reserve Chair Jerome Powell, left, speaks with Marketplace host Kai Ryssdal in Washington, D.C., on Thursday.
Nancy Farghalli/Marketplace

The team

Victoria Craig Host, BBC
Stephen Ryan Producer, BBC
Jonathan Frewin Producer, BBC
Jay Siebold Technical Director
Jesson Duller Media Producer
Erika Soderstrom Producer/Director
Rose Conlon Producer
Alex Schroeder Producer
Redmond Carolipio Digital Producer