
The United Kingdom's Department of Treasury — or Her Majesty's Treasury — is regulating stablecoins following the collapse of TerraUSD (CRYPTO: UST) which brought down major cryptocurrency Terra (CRYPTO: LUNA) with it.
What Happened: Charles, the Prince of Wales, announced during the Queen's speech that Her Majesty's Treasury is introducing a bill regulating — among other things — stablecoins, according to a Saturday report from The Telegraph.