“The extent of the damage caused from the depegging of recent stablecoins, and collapse of LUNA is unknown and will likely continue to play out in the weeks to come, but we expect that recent events in the crypto market to be catalysts for regulation, particularly around stablecoins, which we think would be welcomed by investors,” Chris Allen, an equity research analyst at Compass Point, told clients in a note Friday.
No, the UK Is Not Going to Make USDC and USDT Legal Tender
None of these payments involve legal tender. Debit cards, credit cards, bank transfers, checks, mobile money, PayPal – not one...