Ex-PBOC Chief Warns of Stablecoin Crisis – Run Risk Echoes TerraUSD’s 2022 Meltdown

Former People’s Bank of China Governor Zhou Xiaochuan warned that stablecoin issuers may pursue aggressive expansion without understanding the systemic risks involved, including amplification effects that go beyond stated reserves. In a speech delivered at the International Capital Market Association (ICMA) Annual Conference in Frankfurt and later compiled by the China Finance 40 Forum (CF40), Zhou […] source: https://cryptonews.com/news/stablecoin-risk-echoes-terrausd-2022-ex-pboc-chief-cited/