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Jeremy Allaire on the Regulatory Fallout After Terra

The Breakdown

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Stable Coins - What's the State of the Debt?

Ogobeliev: We've been working with regulators around stable coins for like four years. There was a sense that while these could go beyond just sort of a electronic payment technology, there's risk this could impact the broader financial system. And so as a result, regulators said we need new laws and were starting to see legislative drafts pick up speed.

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