Watch: Terra stablecoin collapse was ‘entirely predictable,’ Circle CEO says (youtube.com)
#Terra #stablecoin #crypto
Circle CEO Jeremy Allaire joins Yahoo Finance Live anchors Brad Smith and Julie Hyman to discuss the collapse of stablecoins like Terra, the cryptocurrency sell-off, crypto regulation, and the outlook for crypto exchanges.
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    • 1
    Francisco Gimeno - BC Analyst Interesting how when the dust of the crash is gone everyone says that they already said before that stablecoins were risky. It can be true and is unfortunate that so many did not listen to these analysis before the crash, and instead listened to many others who were swearing their lives for the "stability" of stablecoins. Anyway policy makers, regulators who have been warning of a crypto risky market now have more weapons to launch proper regulations. Other place where regulations will enter (and we hope it won't be a carnage) is on the crypto currency exchanges which, with exceptions, are not advising properly to small investors who trade crypto, or have no proper internal controls. The crypto marketplace has radically changed this month forever.