Guys, some questions/thoughts about stablecoin regulation: given that regulators/gov officials

Question

Guys, some questions/thoughts about stablecoin regulation: given that regulators/gov officials

say that they want to prevent big stablecoin blowups in the future and are mentioning luna/ust (algo stable) as a reason for this: how fucked is frax/fxs? Whats the best argument for saying not fucked at all?

Luna/ust was purely onchain. Preventing future blowups a la luna/ust basically sounds like banning algo stables? Sure, this is not really enforcable, but still... not good?

Basically my best 'not fucked at all' argument would be: regulators are misusing luna/ust blowup to argue that fiat backed stables (usdt, usdc, etc.) should be properly regulated. Which would be a net positive Id say. But how likely is this scenario? Thoughts?

#cryptocurrency #english #frax

0

05.06.2022