The Fed recently announced that it plans to assemble an “expert team” for the growing stablecoin issues.
Especially the stablecoin problems, which marked its last days, were increasingly being talked about. In line with its recent statements, the Fed stated that it is preparing to form an “expert working team” for unregulated stablecoins. The Fed’s vice president of audit, on the other hand, stated that he does not want to hinder innovation-based services. He also stated that the regulations to be made will be carried out in order to protect the financial system.
Fed to Build Expert Team for Stablecoins
Addressing not only the current situation, but also the ongoing stablecoin issues, the Fed emphasized that it will form an “expert team” on this issue. When we look at the recent times, the ongoing problems on the stablecoin side, the BUSD crisis has intensified. Emphasizing that he will follow the developments in the crypto sector more closely, the Fed stated that he will continue to work in this direction.
Stablecoin problems, which have been escalating on the BUSD side in recent days, have created an atmosphere of fear in crypto investors. The world’s most popular and voluminous crypto exchange Binance’s stablecoin BUSD continues to suffer.
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