Podknife - The ‘Death Spiral’ of a Stablecoin by The Journal.

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The ‘Death Spiral’ of a Stablecoin

Podcast |: The Journal.
Publisher |: Gimlet,; The Wall Street Journal
Media Type |: audio
Podknife tags |: Business,; Business News,; News & Politics
Categories Via RSS |: Business News,; Daily News,; News
Publication Date |: May 18, 2022
Episode Duration |: 00:21:01

Cryptocurrencies are volatile, but so-called stablecoins were meant to be the exception. But after one major stablecoin, TerraUSD, crashed spectacularly, it caused ripple effects in cryptoland. WSJ’s Caitlin Ostroff explains why regulators are spooked, and what this could mean for the broader economy. Further Reading: Crash of TerraUSD Shakes Crypto. ‘There Was a Run on the Bank. Cryptocurrency TerraUSD Falls to 11 Cents, Creator Announces Rescue Plan Further Listening: Bitcoin Comes Untethered Learn more about your ad choices. Visit megaphone.fm/adchoices

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