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Benzinga
Benzinga
Business
Adrian Zmudzinski

UK Department Of Treasury Rushes To Regulate Stablecoins In The Wake Of The Terrapocalypse

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.

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