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Stablecoin

When a cryptocurrency you never heard of drains your life savings

by Matt Levin
Jun 9, 2022
The terraUSD meltdown destroyed the nest eggs of people who had no idea what it was nor that they'd invested in it.
A cryptocurrency exchange office in Istanbul in October. Last month, the "stablecoin" terraUSD lost $60 billion in value in a matter of days.
Chris McGrath/Getty Images
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London Unbound

The U.K. wants to be the hub for crypto. What will it take to get there?

by Victoria Craig
May 12, 2022
London, already a major foreign exchange market, wants to be the same for crypto.
"Similar to the past so-called crypto winters, the underlying foundation, the development, the technology and the adoption [of crypto] has been continuing," said William Cai, co-founder and managing partner at Wilshire Phoenix.
Ina Fassbender/AFP via Getty Images
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What are stablecoins, and why are regulators worried about them?

by Matt Levin
Apr 18, 2022
The cryptocurrencies — pegged to "real" currencies that aren't supposed to fluctuate in value — are the bedrock of the crypto economy.
Stablecoins are involved in roughly 80% of cryptocurrency trading and lending transactions and aren't supposed to fluctuate in value. But the Treasury Department is concerned about the potential for a stablecoin run.
Chip Somodevilla/Getty Images
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