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

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

Terra’s UST dropped as low as $0.29 and Tether’s USDT stablecoin briefly de-pegged from the dollar to hit $0.96 on Wednesday.

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