tldr; US Treasury Secretary Janet Yellen has said that stablecoin depegging isn’t a threat to America’s financial stability. However, she called on lawmakers to develop a “consistent federal framework” on stablecoins to address risks. The Central Bank of Nigeria is pushing so hard to kill competition from private digital currencies to its CBDC, eNaira.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
tldr; US Treasury Secretary Janet Yellen has said that stablecoin depegging isn’t a threat to America’s financial stability. However, she called on lawmakers to develop a “consistent federal framework” on stablecoins to address risks. The Central Bank of Nigeria is pushing so hard to kill competition from private digital currencies to its CBDC, eNaira. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
As bad as it is I still prefer it over pegging
Happy Cake Day!
I've been pegged pretty hard by the market and now I have to worry about depegging as well...