UK Treasury en route to legalizing stablecoins amid Terra's UST crash - Cointelegraph

The Treasury’s plan does not involve legalizing algorithmic stablecoins and instead prefers 1:1 fully-backed stablecoins like USDT or USDC.

United Kingdoms Department of Treasury, or Her Majesty's Treasury, has reportedly decided to go ahead with regulating stablecoins as legal tender. While welcomed by the crypto community, the decision… [+3400 chars]

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